Limoneira (LMNR) Misses Q4 EPS by 14c, Sales Beat; Guides FY15 EPS Below the Street
Limoneira (NASDAQ: LMNR) reported Q4 EPS of ($0.21), $0.14 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $16.3 million versus the consensus estimate of $15.37 million.
Limoneira sees FY2015 EPS of $0.42-$0.46, versus the consensus of $0.63.
For the fiscal year ending October 31, 2015, the Company expects to sell between 3.2 million and 3.4 million cartons of fresh lemons at an average price of approximately $22.00 per carton, and expects to sell approximately 6.5 to 7.5 million pounds of avocados at approximately $1.00 per pound. However, certain of the Company’s avocado orchards recently experienced freezing temperatures that likely caused damage to a portion of the fiscal year 2015 crop. The extent of the damage is being assessed, which is not expected to be known until the second quarter of fiscal year 2015. The volume range of production noted above reflects the Company’s current estimate of production net of the effects of the damage.
For earnings history and earnings-related data on Limoneira (LMNR) click here.