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

Limoneira

07/03/2024 22:47

* Limoneira Co  LMNR.OQ  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 84
cents.  The mean expectation of five analysts for the quarter
was for a loss of 27 cents per share. Wall Street expected
results to range from -36 cents to -21 cents per share.
    * Revenue rose 4.8% to $39.73 million from a year ago;
analysts
expected $40.58 million. 
    * Limoneira Co's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $3.71 million.
    * Limoneira Co shares had fallen by 13.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 March 7 at
10:46 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
 Jan. 31 2024      -0.27          -0.21          Beat
 Oct. 31 2023      -0.15          -0.15          Met
 Jul. 31 2023      0.15           0.02           Missed
 Apr. 30 2023      0.19           0.21           Beat