Education
About Us
Working with TipRanks
Follow Us
Limoneira Co (LMNR)
NASDAQ:LMNR
Earnings Data
Report Date
Jun 10, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -17.04%
|Next Earnings Date:Jun 10, 2025
Earnings Call Sentiment|Neutral
Limoneira's earnings call highlights strategic initiatives like land and water monetization, avocado production expansion, and operational improvements, which are counterbalanced by challenges in the lemon market and reduced agribusiness revenue. The company's efforts in diversifying and optimizing asset usage are promising, but immediate financial impacts from market conditions remain a concern.Company Guidance
During Limoneira's first quarter fiscal year 2025 conference call, the company highlighted several key metrics and strategic initiatives. The agribusiness operating loss improved by 17%, and costs and expenses decreased by 14%, leading to a total operating loss improvement of over 30% year-over-year. The company recorded $162,000 in avocado revenue from 73,000 pounds sold at an average price of $2.25 per pound, a new revenue stream compared to last year. Lemon revenue was challenged due to an oversupplied market, with $21.2 million in fresh packed lemon sales, though the average price per carton decreased to $18.44 from $21.06. Additionally, Limoneira successfully sold water pumping rights for a gain of $1.5 million. Looking ahead, the company expects fresh lemon volumes between 5 and 5.5 million cartons and avocado volumes of 7 to 8 million pounds for fiscal year 2025. They also anticipate $165 million in proceeds from a real estate joint venture over the next six fiscal years. Overall, Limoneira's transition to an asset-lighter model and diversification strategy, including expanding avocado production, are expected to enhance long-term shareholder value.Land and Water Monetization
Limoneira successfully monetized its water pumping rights for a gain of $1.5 million and plans further land and water monetization opportunities in fiscal year 2025.
Improved Operating Loss and Expenses
Agribusiness operating loss improved by 17%, costs and expenses decreased by 14%, and total operating loss improved over 30% compared to last year.
Avocado Production Expansion
The company recorded avocado revenue, which wasn't present in the previous year, and plans to expand avocado production by 1,000 acres through fiscal year 2027.
Drone Spray Application Approval
Received FAA approval for drone spray application in California, enhancing precision, cost efficiency, and sustainability.
Residential Joint Venture Proceeds
The joint venture with Lewis Group is expected to generate $165 million over the next 6 fiscal years.
---
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
---
LMNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $21.36 | $18.51 | -13.34% |
| 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% |
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.
---
FAQ
When does Limoneira Co (LMNR) report earnings?
Limoneira Co (LMNR) is schdueled to report earning on Jun 10, 2025, TBA Not Confirmed.
What is Limoneira Co (LMNR) earnings time?
Limoneira Co (LMNR) earnings time is at Jun 10, 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 (Q2) is -0.01.
---