Limoneira (LMNR) Reports In-Line Q3 EPS, Beats on Revenues
Limoneira (NASDAQ: LMNR) reported Q3 EPS of $0.52, in-line with the analyst estimate of $0.52. Revenue for the quarter came in at $40.4 million versus the consensus estimate of $37.94 million.
Reiterating Fiscal Year 2017 Outlook
The Company continues to expect earnings per diluted share for fiscal year 2017 to be in the range of $0.51 to $0.55 per share and continues to expect operating income for fiscal year 2017 to be in a range of $14.7 million to $15.2 million and adjusted EBITDA is expected to be in the range of $21.7 million to $22.2 million. The Company is revising its fresh lemon volume and price estimates for fiscal year 2017. It currently expects to sell between 3.1 million and 3.3 million cartons of fresh lemons, compared to its previous estimate of 3.1 to 3.5 million and estimates the average price per carton at approximately $24.00 compared to its previous estimate of approximately $23.00.
- Third Quarter 2017 Lemon Revenue Increases 14% to $30.0 Million Compared to Prior Year Third Quarter -
- Operating Income for the Nine Months Ended July 31, 2017 Increases 60% to $16.1 Million Compared to $10.1 Million for Comparable Prior Year Period -
- Net Income per Diluted Share for the Nine Months Ended July 31, 2017 Increases 17% to $0.62 Compared to $0.53 for Comparable Prior Year Period –
- Year to Date, New Lemon Packinghouse Packs 400,000 more Cartons at $800,000 Less Cost Compared to Prior Year-
For earnings history and earnings-related data on Limoneira (LMNR) click here.