LMNR Earnings Prediction
The chart below shows how LMNR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LMNR sees a -0.20% change in stock price 10 days leading up to the earnings, and a +3.68% change 10 days following the report. On the earnings day itself, the stock moves by +1.23%. This data can give you a slight idea of what to expect for the next quarter's release.
LMNR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
43.86M
5.86%
-30.71%
Gross Margin
5.99%
188.87%
-77.18%
Operating Margin
-6.94%
-68.53%
-145.72%
Net Margin
-4.38%
-48.71%
-144.60%
EPS
-0.12
-40.00%
-134.29%
No Data Available
LMNR Earnings Analysis
Limoneira Co Corporation (LMNR.O) Earnings Conference Call
Positive
Record Revenue and EBITDA Growth: For the full year net revenue grew 6% to a record $191.5 million and adjusted EBITDA was $26.7 million, compared to a loss of $224,000 for fiscal year 2023.
Record Avocado Sales: We achieved avocado and lemon volume guidance for the year. In fact, the 15.1 million pounds of avocados sold in fiscal year 2024 was the most volume sold in almost 15 years.
Avocado Production Expansion: These overall results demonstrate the strength of our agricultural platform and validate our strategic decision to expand our avocado production by 1,000 acres through fiscal year 2027, which is expected to drive significant EBITDA growth.
Lemon Market Penetration Growth: Our lemon offering is achieving increased penetration in the food service and quick service restaurant channels, and we expect more meaningful market penetration in fiscal year 2025.
Quarterly Revenue Increase: For the fourth quarter of fiscal year 2024, total net revenue increased 6% to $43.9 million, compared to total net revenue of $41.4 million in the fourth quarter of the previous fiscal year.
Negative
Quarterly Revenue Comparison: Total net revenue for the fourth quarter of fiscal year 2024 was $43.9 million, compared to total net revenue of $41.4 million in the fourth quarter of the previous fiscal year, indicating a modest growth but still below expectations.
Operating Loss Comparison: Operating loss for the fourth quarter of fiscal year 2024 was $2.8 million, compared to an operating loss of $9.7 million in the fourth quarter of the previous fiscal year, reflecting ongoing challenges in cost management.
Adjusted Net Loss Comparison: Adjusted net loss for diluted earnings per share for the fourth quarter of fiscal year 2024 was $1.6 million, compared to $2.6 million in the same period of fiscal year 2023, indicating a continued struggle to achieve profitability.
Net Income Comparison Q4: Net income applicable to common stock after preferred dividends for the fourth quarter of fiscal year 2024 was $2 million, compared to a net loss applicable to common stock of $3.6 million in the fourth quarter of fiscal year 2023, showing a lack of consistent profitability.
Adjusted EBITDA Improvement: Adjusted EBITDA for the fourth quarter of fiscal year 2024 was $1.2 million, compared to a loss of $1.3 million in the same period of fiscal year 2023, highlighting ongoing operational inefficiencies.
