NASDAQ$LMNR

Limoneira Company · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Revenue and earnings increased driven by lemons, avocados and oranges.

Limoneira Company reported a 5.3% increase in revenue to $53.6 million and EPS of $0.12 for the third quarter of fiscal year 2020, driven by strong performance in lemons, avocados, and oranges. The company's real estate development also exceeded expectations with 144 new closings this fiscal year.

  • Revenue increased by 5.3% to $53.6 million compared to the same period last year.
  • EPS increased to $0.12 compared to a loss of $(0.06) for the same period last year.
  • Record fresh lemon volume in the third quarter with 2.0 million cartons sold.
  • Avocado volume increased to 6.1 million pounds in the third quarter.

Headline financials

Total Revenue

$53.6M

Previous: $50.9M+5.3%
EPS (adj)

$0.10

Previous: -$0.06+277.3%
Capital Expenditures

$0.00

Previous: -$12.6M+100.0%
Free Cash Flow

$2.31M

Previous: -$13.6M+117.0%
Net Income

$2.31M

Previous: -$990K+333.2%
Operating Income

$1.81M

Previous: $2.12M-14.4%
Gross Profit

$6.73M

Previous: $4.2M+60.4%
Cash & Equivalents

$878K

Previous: $943K-6.9%
Total Assets

$402M

Previous: $416M-3.3%
Stock-Based Comp

$428K

Previous: $208K+105.8%

Revenue & EPS history

Limoneira · Revenue · Quarterly

$53.6M

Q3 2020+5.3%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Limoneira · $1.2M total across 1 segment · Q3 2020

  • Other Operations
    $1.2M

Forward guidance

Looking forward, the company is excited about growth opportunities in fiscal 2021 as they have dramatically increased sales in grocery this year and believe they are very well positioned for foodservice growth as restaurants and bars begin to reopen. The Company continues to expect record lemon volumes for fiscal year 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.4%

Avg return

Earnings day

+0.6%

Avg return

5 days after

-0.9%

Avg return

30 days after

60%

40 / 67 earnings

Positive

+28.2%

Q2 2022

Best reaction

-26.8%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+8.6%+8.5%
Q1 2026-4.0%-4.1%-6.2%
Q4 2025-6.5%-10.4%+6.1%
Q3 2025-5.2%-3.4%-7.3%
Q2 2025+0.0%-2.5%-3.3%
Q1 2025-13.3%-15.0%-22.3%
Q4 2024-5.1%-7.2%-14.6%
Q3 2024-2.7%+4.1%+8.8%
Q2 2024+4.1%-2.8%-3.1%
Q1 2024+4.6%+4.3%+9.9%
Q4 2023+8.3%+9.6%-3.7%
Q3 2023-3.9%-1.5%-1.9%
Q2 2023-5.0%-5.8%-2.7%
Q1 2023+4.1%+1.6%+9.2%
Q4 2022-8.5%-5.2%-0.4%
Q3 2022+11.1%+8.1%+4.6%
Q2 2022+28.2%+28.0%+25.3%
Q1 2022-11.1%-13.3%-8.7%
Q4 2021+0.5%-3.4%-11.6%
Q3 2021+0.0%-0.4%+0.7%
Q2 2021+2.0%-1.9%-11.6%
Q1 2021-1.1%-0.6%-6.0%
Q4 2020-7.2%-11.0%-6.7%
Q3 2020+11.1%+9.2%+4.0%
Q2 2020+2.5%-1.8%-9.6%
Q1 2020-26.8%-14.6%-17.0%
Q4 2019+11.6%+12.9%+12.8%
Q3 2019-1.7%+4.8%-4.0%
Q2 2019+7.7%+5.5%+2.2%
Q1 2019+7.9%+3.6%+5.0%
Q4 2018+0.7%-3.9%+4.9%
Q3 2018-13.9%-12.3%-22.5%
Q2 2018+0.7%+3.8%+1.2%
Q1 2018+1.3%+10.0%+12.3%
Q4 2017+3.2%+3.1%-3.5%
Q3 2017-0.9%-1.2%+0.1%
Q2 2017+4.7%+9.6%+14.0%
Q1 2017+5.5%+8.9%+10.6%
Q4 2016+0.4%-11.9%-15.3%
Q3 2016+12.8%+12.9%+13.5%
Q2 2016+3.0%+8.7%+2.5%
Q1 2016+2.4%
Q4 2015+8.5%
Q3 2015-16.9%
Q2 2015+1.6%
Q1 2015+0.9%
Q4 2014-8.5%
Q3 2014+0.8%
Q2 2014+1.6%
Q1 2014-2.7%
Q4 2013-11.1%
Q3 2013-0.6%
Q2 2013+3.2%
Q1 2013-4.1%
Q4 2012-4.3%
Q3 2012-0.6%
Q2 2012-4.5%
Q1 2011+2.0%
Q1 2012+0.6%
Q4 2009+1.3%
Q2 2011+1.3%
Q4 2011+1.3%
Q3 2010+6.3%
Q4 2010+6.3%
Q3 2011+6.3%
Q2 2010+2.8%
Q1 2010+2.2%

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