Limoneira: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Limoneira (NASDAQ:LMNR) reported Q4 earnings with an EPS of $-0.15, which was in line with estimates. Revenue increased by $1.77 million compared to the same period last year. Despite meeting EPS estimates this quarter, a previous earnings miss in Q3 2023 led to a 4.17% share price drop the following day.
December 21, 2023 | 9:10 pm
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Limoneira reported Q4 earnings with an EPS of $-0.15, in line with estimates, and a revenue increase of $1.77 million year-over-year. Historical data shows a previous miss in EPS led to a stock price decline.
Limoneira's stock price may not see significant movement as the EPS was in line with expectations, showing no positive or negative surprises. However, historical performance indicates that misses in earnings expectations can negatively affect the stock price. Since this quarter's earnings met expectations, the impact is likely to be neutral in the short term, barring other market factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100