Limoneira (LMNR) Misses Q2 EPS by 14c, Affirms FY Guidance
Limoneira (NASDAQ: LMNR) reported Q2 EPS of $0.08, $0.14 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $27.4 million versus the consensus estimate of $27.98 million.
Limoneira sees FY2016 EPS of $0.33-$0.38, may not compare to the consensus of $0.32.
"For the fiscal year ending October 31, 2016, the Company continues to expect to sell between 2.7 million and 3.0 million cartons of fresh lemons at an average price of approximately $23.00 per carton and expects to sell approximately 8.5 to 9.5 million pounds of avocados at approximately $0.80 per pound.
The Company is reiterating its guidance range for operating income, EBITDA, and earnings per diluted share for fiscal year 2016. The Company expects operating income for fiscal year 2016 to be approximately $8.6 million to $9.1 million. Fiscal year 2016 EBITDA is expected to be in the range of $14.6 million to $15.1 million. The Company expects fiscal year 2016 earnings per diluted share to be in the range of $0.28 to $0.33. Excluding transaction costs incurred in connection with the Limoneira/Lewis joint venture, fiscal year 2016 earnings per diluted share are expected to be in the range of $0.33 to $0.38."
For earnings history and earnings-related data on Limoneira (LMNR) click here.