Limoneira Company (LMNR) said after close Thursday that it lost $0.18 per share in quarter one 2024. 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, missing estimates by $269 thousand.
In the same quarter a year ago, the company lost $0.53 per share on revenue of $37.9 million.
The stock is up 3.55% to $18.83 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Limoneira Company has performed a little below average during the past few months. Before the report, Limoneira Company received a Long-Term Technical Rank by InvestorsObserver of 49, putting it in the bottom half of stocks. The firm was recently trading at a 52-week high of $21.62 on December 27, 2023 and set a 52-week low on October 23, 2023 at $13.88.
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.
News Home
Limoneira Company Up 3.55% To $18.83 After Earnings Beat
Mentioned in this article
