Limoneira Q3 2024 Adj EPS $0.42 Beats $0.34 Estimate, Sales $63.30M Miss $63.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Limoneira reported Q3 2024 earnings per share of $0.42, surpassing the $0.34 estimate, marking a significant increase from last year's $0.02. However, sales of $63.30M slightly missed the $63.57M estimate, though they were up 20.59% from the previous year.
September 09, 2024 | 8:05 pm
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Limoneira's Q3 2024 EPS of $0.42 beat expectations, showing a significant improvement from last year. However, sales slightly missed estimates, though they increased year-over-year.
The significant beat in EPS suggests strong profitability, which is positive for the stock. The slight miss in sales is less concerning given the substantial year-over-year growth. Overall, the positive earnings surprise is likely to have a favorable impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100