Alico (NASDAQ:ALCO) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$13.6m (up 87% from 3Q 2023).
- Net loss: US$2.04m (down by 117% from US$11.8m profit in 3Q 2023).
- US$0.27 loss per share (down from US$1.56 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alico Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 3.8%.
Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Alico (1 doesn't sit too well with us!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:ALCO
Alico
Operates as an agribusiness and land management company in the United States.
Acceptable track record with mediocre balance sheet.
