Limoneira Co (LMNR) said after close Thursday that it lost $0.32 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $39.7 million, beating estimates by $6.2 million.
In the same quarter a year ago, the company lost $0.28 per share on revenue of $33.5 million.
The stock is down 2.91% to $12.94 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Limoneira Co a Bullish Sentiment Rank from InvestorsObserver.
Limoneira Co has performed a little above average during the past few months. Before the report, Limoneira Co received a Long-Term Technical Rank by InvestorsObserver of 65, putting it in the top half of stocks. The firm set a 52-week low on May 9, 2022 at $10.44 and set a 52-week high on December 29, 2021 at $16.41.
Limoneira Co is an agribusiness company. The company's operating segments include Fresh Lemons; Lemon Packing; Avocados; Other Agribusiness and Corporate and Other. It generates maximum revenue from the Fresh Lemons segment.
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Limoneira Co Down 2.91% To $12.94 After Earnings Miss
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