Limoneira Q3 Adj EPS $0.02 Misses $0.15 Estimate, Sales $52.50M Beat $50.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Limoneira (NASDAQ:LMNR) reported Q3 adjusted earnings of $0.02 per share, missing the analyst consensus estimate of $0.15 by 86.67%. This is a decrease from earnings of $0.43 per share from the same period last year. However, the company reported quarterly sales of $52.50 million, beating the analyst consensus estimate of $50.07 million by 4.85%. This is a 10.91% decrease from sales of $58.92 million the same period last year.
September 07, 2023 | 8:06 pm
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Limoneira's Q3 earnings missed estimates but sales beat expectations. Earnings per share are down 86.67% YoY, while sales are down 10.91% YoY.
Limoneira's earnings per share missed the analyst consensus estimate by a significant margin, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates, which could offset some of the negative impact. The YoY decrease in both earnings and sales could also negatively affect the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100