Thursday June 6, 2024 Limoneira Reported Q2 Adj EPS $0.44 Beats $0.18 Estimate, Sales $44.606M Miss $53.963M Estimate
Portfolio Pulse from Benzinga Newsdesk
Limoneira (NASDAQ:LMNR) reported Q2 adjusted EPS of $0.44, significantly beating the estimate of $0.18. However, sales of $44.606 million missed the $53.963 million estimate and were down 7.21% year-over-year.
June 07, 2024 | 6:31 pm
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NEUTRAL IMPACT
Limoneira's Q2 adjusted EPS of $0.44 beat estimates by 144.44%, but sales of $44.606 million missed estimates by 17.34% and were down 7.21% year-over-year.
The significant EPS beat is a positive indicator, but the sales miss and year-over-year decline in revenue are concerning. The mixed results may lead to neutral short-term price movement as investors weigh the strong earnings against the weak sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100