Limoneira (NASDAQ:LMNR) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$63.3m (up 21% from 3Q 2023).
- Net income: US$6.47m (up from US$1.32m loss in 3Q 2023).
- Profit margin: 10% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
- EPS: US$0.36 (up from US$0.075 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Limoneira EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are up 3.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Limoneira you should know about.
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About NasdaqGS:LMNR
Limoneira
Operates as an agribusiness and real estate development company in the United States and internationally.
Second-rate dividend payer and slightly overvalued.