Recap: Alico Q4 Earnings
Portfolio Pulse from Benzinga Insights
Alico, Inc. (NASDAQ:ALCO) reported Q4 earnings with an EPS of $-0.03, significantly beating the estimated EPS of $-0.34. However, revenue declined by $351 thousand compared to the same period last year. Despite missing EPS estimates last quarter, Alico's share price increased slightly the following day. The company's past earnings performance shows a history of not meeting EPS estimates.
December 06, 2023 | 9:50 pm
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Alico reported a Q4 EPS of $-0.03, beating estimates by 91.18%, but with a year-over-year revenue decrease of $351 thousand.
Alico's significant beat on the EPS estimate is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the decline in revenue may temper some of the enthusiasm. Historical data shows that last quarter's miss on EPS did not significantly affect the stock price, suggesting that the market may react moderately to earnings reports.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100