Benzinga | Sep 8, 2020 10:12AM EDT

Limoneira's Earnings: A Preview

On Wednesday, September 09, Limoneira (NASDAQ:LMNR) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Based on Limoneira management projections, analysts predict EPS of $0.01 on revenue of $46.50 million. Limoneira posted a break-even quarter on revenue of $50.87 million in the same quarter last year. The analyst consensus estimate would represent no change in the company's earnings on a year over year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.04 -0.2 -0.24 0.13EPS Actual -0.08 -0.3 -0.24 0Revenue Estimate 40.70 M 43.05 M 31.47 M 55.85 MRevenue Actual 39.57 M 41.66 M 36.48 M 50.87 M

Stock Performance

Shares of Limoneira were trading at $14.41 as of September 08. Over the last 52-week period, shares are down 30.23%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

With these returns, shareholders are likely feeling neutral going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Limoneira is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/4wv2zcjy