Limoneira Q3 revenue misses analyst estimates on brokerage transition

Limoneira

09/09/2026 21:17

Overview
U.S. lemon and avocado grower reported fiscal Q3 revenue down yr/yr, missing analyst expectations
Adjusted EPS for fiscal Q3 missed analyst expectations
Company agreed to sell Windfall Farms property for $15 mln in all-cash deal

Outlook
Limoneira expects fiscal 2026 fresh lemon volumes at the lower end of 4.0-4.5 mln cartons
Company raises fiscal 2026 avocado volume guidance to 7.0-7.25 mln pounds
Limoneira expects a monetization event tied to Colorado River water rights in fiscal 2026

Result Drivers
BROKERAGE TRANSITION - Lower brokered lemon, orange and specialty citrus sales due to transition of citrus brokerage operations to Sunkist
HIGHER LEMON PRICES - Increased fresh lemon carton sales driven by higher prices
COST REDUCTIONS - Lower selling, general and administrative expenses mainly from reduced salaries and selling expenses related to Sunkist transition

Company press release: ID:nBw7qSspBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$43.81 mln
$49.62 mln (3 Analysts)
Q3 Adjusted EPS
Miss
$0.02
$0.19 (3 Analysts)
Q3 Loss Per Share
 
$0.17
 
Q3 Loss Per Basic Share
 
$0.17
 
Q3 Operating Income
 
-$2.96 mln
 
Q3 Pretax Loss
 
$3.98 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Limoneira Co is $18.00, about 19.8% above its September 8 closing price of $15.03
The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 154 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)