S&W Seed (SANW) Misses Q4 EPS by 8c

S&W Seed (NASDAQ: SANW) reported Q4 EPS of ($0.14), $0.08 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $25.86 million versus the consensus estimate of $25.73 million.

"I am extremely pleased that we delivered Core Revenue growth of 58%, or 27% when excluding revenue from recently acquired Pasture Genetics, during fiscal 2020 which reflects the strategic transformation we have made in our operations to become a multi-crop agricultural company with enhanced focus in the United States and Australia," commented Mark Wong, President & CEO of S&W Seed Company. "Further, we made important and purposeful investments in our sales and marketing function to become a more customer-centric organization. We also made investments in our research and development functions to enhance our trait development, such as our herbicide tolerance trait for sorghum, which we believe has the potential to revolutionize the sorghum market in the same way other weed control technologies have enhanced yields for crops such as corn, soybeans and cotton. We believe we are even better-positioned to continue driving strong Core Revenue growth in fiscal 2021."

Fiscal 2021 Revenue Guidance

S&W expects Core Revenue for fiscal 2021 to be within a range of $73 to $79 million, representing an expected increase of 22% to 32% compared to fiscal 2020 Core Revenue of $59.9 million.

Including contributions from Pioneer, S&W continues to expect total revenue for fiscal 2021 to be within a range of $88 to $94 million.

For earnings history and earnings-related data on S&W Seed (SANW) click here.

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