Overview

* Limoneira ( LMNR ) Q3 revenue falls to $47.5 mln

* Adjusted EPS for Q3 records a loss of $0.02

* Co announces $5 mln annual cost savings with Sunkist partnership starting fiscal 2026

Outlook

* Company expects fresh lemon volumes of 4.5 mln to 5.0 mln cartons in FY 2025

* Company expects avocado volume of approximately 7.0 mln pounds in FY 2025

* Company plans to expand avocado production by 500 acres through FY 2027

* Limoneira ( LMNR ) expects $5 mln annual cost savings from Sunkist merger starting FY 2026

Result Drivers

* LEMON PRICING PRESSURE - Co faced pricing pressure in the lemon market, impacting fresh packed lemon sales

* AVOCADO VOLUME DECLINE - Lower avocado revenue due to reduced volumes sold, attributed to alternate bearing nature of trees

* FARM MANAGEMENT REVENUE DROP - Termination of farm management agreement with PGIM Real Estate Finance led to revenue decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $47.48 $50.10

Revenue mln mln (2

Analysts

)

Q3 Miss -$0.02 $0.06 (2

Adjusted Analysts

EPS )

Q3 EPS -$0.06

Q3 Net -$916,00

Income 0

Q3 Basic -$0.06

EPS

Q3 -$630,00

Operatin 0

g Income

Q3 -$734,00

Pretax 0

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the fishing & farming peer group is "buy"

* Wall Street's median 12-month price target for Limoneira Co ( LMNR ) is $27.00, about 41.8% above its September 8 closing price of $15.72

* The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 37 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)