NASDAQ$LMNR
Limoneira Company · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported financial results for Q4 and full fiscal year ended October 31, 2019.
Limoneira Company reported a total net revenue of $36.5 million for the fourth quarter of fiscal year 2019, compared to $14.7 million in the fourth quarter of the previous fiscal year. The net loss applicable to common stock was $3.2 million, compared to a net loss of $3.4 million in the fourth quarter of fiscal year 2018.
- Total net revenue was $36.5 million, compared to $14.7 million in the fourth quarter of the previous fiscal year.
- Agribusiness revenue was $35.3 million, compared to $13.5 million in the fourth quarter last year.
- Net loss applicable to common stock was $3.2 million and compares to a net loss of $3.4 million in the fourth quarter of fiscal year 2018.
- The Company recognized $2.3 million of avocado revenue from crop insurance payment related to the excessive heat in the summer of 2018
Headline financials
Revenue & EPS history
Limoneira · Revenue · Quarterly
$36.5M
Revenue by segment
Limoneira · $41.4M total across 2 segments · Q4 2023
- Agribusiness$40.1M+4.8%96.7%
- Other Operations$1.35M-5.3%3.3%
Forward guidance
The Company is reiterating its previously announced fiscal year 2020 guidance. Adjusted EBITDA for fiscal year 2020 is expected to be in the range of $22 million to $26 million. For fiscal year 2020, the Company and its international affiliates are expecting to sell 7.5 to 9.5 million cartons of fresh lemons globally.
Tailwinds
- Adjusted EBITDA for fiscal year 2020 is expected to be in the range of $22 million to $26 million.
- Company and its international affiliates are expecting to sell 7.5 to 9.5 million cartons of fresh lemons globally.
- Expects a full year benefit from the joint venture formed with FGF and land acquisition in fiscal year 2020.
- Plans include approximately 632 residential units in Phase 1.
- Expects 300 of the 1,200 acres to become full bearing in fiscal year 2021.
Headwinds
- The Company is unable to reconcile without unreasonable effort the above forward-looking non-GAAP measures related to EBITDA
- Variability of the changes excluded from these non-GAAP measures may have a significant and potentially unpredictable impact on its future GAAP financial results.
- Weather conditions that affect production, transportation, storage, import and export of fresh product
- Increased pressure from crop disease, insects and other pests
- Disruption of water supplies or changes in water allocations
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 Q4 2019
+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
| Quarter | Report date | Reaction (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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