
Limoneira Company (LMNR) reported its fourth-quarter results on December 21. While the company comfortably surpassed the consensus revenue estimate, its loss per share came higher than analyst estimates. In this piece, I have discussed why it could be prudent to avoid the stock now.
For the fourth quarter, LMNR’s loss per share was $0.01 higher than the consensus estimate. On the other hand, its revenue beat analyst estimates by 9.6%. The company has a poor earnings history, having failed to surpass the consensus EPS estimates in three of the trailing four quarters.