Limoneira Co reports results for the quarter ended in April - Earnings Summary

Limoneira

06/06/2024 22:01

* Limoneira Co  LMNR.OQ  reported quarterly adjusted
earnings of
44 cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 21
cents.  The mean expectation of four analysts for the quarter
was for earnings of 18 cents per share. Wall Street expected
results to range from 15 cents to 21 cents per share.
    * Revenue fell 7.2% to $44.61 million from a year ago;
analysts
expected $53.96 million. 
    * Limoneira Co's reported EPS for the quarter was 35 cents​.
    * The company reported quarterly net income of $6.44
million.
    * Limoneira Co shares had risen by 4.4% this quarter and
lost 1.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the fishing &
farming
peer group is also "buy"

Wall Street's median 12-month price target for Limoneira Co is
$23.00 
This summary was machine generated from LSEG data June 6 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.18           0.44           Beat
 Jan. 31 2024      -0.27          -0.18          Beat
 Oct. 31 2023      -0.15          -0.15          Met
 Jul. 31 2023      0.15           0.02           Missed