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Limoneira Co (LMNR)
NASDAQ:LMNR
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.18Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 14, 2019
|% Change Since: -13.80%
|Next Earnings Date:Sep 10, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong fiscal year 2024 performance with record net revenue and significant achievements in avocado sales and real estate development. However, there were challenges with lemon sales and specialty crop revenues. Overall, the company demonstrated strategic progress and financial health, with future growth anticipated through avocado production and water monetization, though certain operational areas faced headwinds.Company Guidance
In the Limoneira Q4 2024 earnings call, the company reported a 6% growth in net revenue for the fiscal year, reaching a record $191.5 million, with an adjusted EBITDA of $26.7 million, compared to a loss of $224,000 in fiscal year 2023. The company achieved its avocado volume guidance, selling 15.1 million pounds, the highest in nearly 15 years, and is expanding avocado production by 1,000 acres through fiscal 2027. Limoneira's lemon offerings are gaining traction in the foodservice sector, aiming for further market penetration in fiscal 2025. The company's real estate joint venture with the Lewis Group has closed on 1,261 residential units, with plans to increase the project to 2,050 units, boosting cash flow projections by 46%. Limoneira's net debt at the end of October 2024 stood at $37.6 million, offset by $33.5 million from its real estate joint venture, which has no debt. The company is exploring strategic alternatives to maximize stockholder value, with significant interest noted. For fiscal 2025, Limoneira expects fresh lemon volumes of 5 to 5.5 million cartons and avocado volumes of 7 to 8 million pounds.Record Net Revenue and Adjusted EBITDA
For the full fiscal year 2024, net revenue grew 6% to a record $191.5 million, with adjusted EBITDA reaching $26.7 million compared to a loss of $224,000 in fiscal year 2023.
Avocado Sales Achievement
Achieved avocado volume guidance with 15.1 million pounds sold, the highest in nearly 15 years, contributing significantly to revenue growth.
Real Estate Development Success
Completed sellout of Phase 2 in the Harvest development project, closed on 554 residential units, and increased the total number of units from 1,500 to 2,050, marking a 37% increase.
Strategic Water Monetization Efforts
Anticipated meaningful water monetization transactions in fiscal year 2025, leveraging valuable water resources for future growth.
Balance Sheet Strength
Reduced net debt to $37.6 million and maintained a strong cash position in the real estate joint venture with $66.9 million in cash and no debt.
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LMNR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LMNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 23, 2024 | $26.74 | $24.87 | -6.99% |
| Sep 09, 2024 | $24.85 | $24.11 | -2.98% |
| Jun 06, 2024 | $20.16 | $21.06 | +4.46% |
| Mar 07, 2024 | $17.94 | $18.34 | +2.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Limoneira Co (LMNR) report earnings?
Limoneira Co (LMNR) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Limoneira Co (LMNR) earnings time?
Limoneira Co (LMNR) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LMNR EPS forecast?
LMNR EPS forecast for the fiscal quarter 2025 (Q1) is -0.17.
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