Limoneira Q1 2024 Adj EPS $(0.180) Beats $(0.270) Estimate, Sales $39.731M Miss $40.581M Estimate
Portfolio Pulse from Benzinga Newsdesk
Limoneira (NASDAQ:LMNR) reported Q1 2024 adjusted EPS of $(0.180), beating the $(0.270) estimate, but missed sales estimates with $39.731M against the expected $40.581M. This represents a 4.83% increase in sales compared to the same period last year.
March 07, 2024 | 9:13 pm
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NEUTRAL IMPACT
Limoneira reported a smaller than expected Q1 2024 loss per share but missed on sales estimates, showing a mixed financial performance.
While beating EPS estimates usually has a positive impact on stock prices, missing sales estimates can have a negative effect. The mixed results make the short-term impact on LMNR's stock price uncertain, hence a neutral score. The relevance is 100 because the news is directly about LMNR. The importance is set at 75, considering that earnings reports are crucial for investors but the mixed results may dilute the impact. The confidence level is at 90, reflecting the clear data provided but acknowledging the unpredictable market reaction to mixed earnings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100