Limoneira (LMNR) Tops Q4 EPS by 1c, Slight Beat on Revenues; Offers FY18 EPS Mid-Point Guidance Above Consensus
Limoneira (NASDAQ: LMNR) reported Q4 EPS of ($0.19), $0.01 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $15.9 million versus the consensus estimate of $15.6 million.
Fiscal Year 2018 Outlook
For the fiscal year ending October 31, 2018, the Company expects to sell between 3.1 million and 3.3 million cartons of fresh lemons at an average price of approximately $24.50 per carton, and expects to sell approximately 6.0 to 6.5 million pounds of avocados at approximately $1.30 per pound.
The Company expects operating income for fiscal year 2018 to be approximately $15.7 million to $17.8 million compared to operating income of $11.9 million for fiscal year 2017. Fiscal year 2018 EBITDA is expected to be in the range of $23.0 million to $25.0 million. The Company expects fiscal year 2018 earnings per diluted share to be in the range of $0.55 to $0.65. Fiscal year 2017 adjusted EBITDA and diluted earnings per share were $19.0 million and $0.42, respectively. As more fully described at the end of this release under "Non-GAAP Financial Measures," the Company is unable to reconcile without unreasonable effort the above forward-looking non-GAAPmeasures related to EBITDA, and the variability of the changes excluded from these non-GAAP measures may have a significant and potentially unpredictable impact on its future GAAP financial results.
Limoneira sees FY2018 EPS of $0.55-$0.65, versus the consensus of $0.59.
For earnings history and earnings-related data on Limoneira (LMNR) click here.