Limoneira Co (LMNR)
NASDAQ:LMNR
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Earnings Data
Report Date
Sep 15, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.19Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of near-term financial pain and strategic progress. Q2 GAAP results were materially impacted by noncash impairments, asset disposals and foreign exchange losses, producing significant operating and net losses. However, management emphasized multiple positive developments that support improved future performance: stronger lemon pricing (> $20/carton), higher fresh utilization (>80%), raised avocado volume guidance with higher expected prices, ongoing SG&A savings ($10M target), monetization initiatives (water rights, Windfall Farms partial sale), a large real estate pipeline (~$155M expected proceeds), and an organic recycling JV expected to drive earnings in FY27. Management reiterated confidence in achieving positive adjusted EBITDA in Q3 and Q4 and expects several monetization events to bolster liquidity. Given the balance of substantial strategic catalysts and near-term accounting/headline losses, the overall tone was constructive and forward-looking.Company Guidance
Exceeded Quarterly Expectations on Revenue and Adjusted EBITDA
Company reported Q2 total net revenues of $23.9M and said it exceeded internal expectations for revenue and adjusted EBITDA for the quarter, validating operational improvements under the Sunkist partnership.
Strong Lemon Pricing and Fresh Utilization
Lemon pricing above $20 per carton (Q2 average per-carton price on sold cartons was $16.63 net of Sunkist vs $14.52 prior year, a ~14.5% increase) and management reported fresh utilization above 80% and a forecasted ~+$1/carton month-over-month trend through October.
Increased Avocado Volume Guidance and Harvest Strategy
Raised full-year avocado volume guidance to 5.5M–6.5M pounds; delayed part of Q2 harvest (~500k pounds pushed into Q3) to capture higher pricing. Q2 avocado sales were ~285k lbs at $0.96/lb; current market pricing cited ~$1.30–$1.40/lb (expected blended ~ $1.30).
Avocado Acreage Expansion (High-Growth Capacity)
1,700 acres of avocados planted with ~800 acres currently bearing; an additional ~800 acres expected to begin bearing over the next 2–4 years (~~100% increase in bearing capacity). 400 acres planted in 2023–2024 expected to set a crop this year and add volume in FY27.
Strategic Monetizations and Capital Redeployment
Announced 80% sale of Windfall Farms (Paso Robles) for $16M (structure: $10M cash at closing + $6M seller note) while retaining 20% interest; completed other partial sales/transactions aimed to unlock non-core asset value and redeploy capital to higher-return opportunities.
Organic Recycling Joint Venture
Formed 50/50 organic recycling JV with AgriMin to process up to 295,000 tons of organic waste annually; expected to generate meaningful shared earnings when operational in FY27.
Real Estate Development Pipeline
Harvest at Limoneira expected to generate ~$155M in proceeds over the next 5 fiscal years. Phase 2 home sales robust (2–7 homes/week), Phase 3 (~500 lots) targeted to market in FY27, 300 apartments approved with expected groundbreaking H2 2027, and a 25-acre East Area 2 medical pavilion could begin monetization in FY26.
Progress on Water Monetization Strategy
Management expects a monetization event from Class 3 Colorado River water rights in FY26 and highlighted Santa Paula Basin conserve pumping rights as valuable non-operational resources that can be converted to cash while maintaining agricultural operations.
SG&A Cost Savings Trajectory
Company is tracking toward targeted $10M in annual SG&A savings (net of a Q2 allowance on foreign receivables) as a result of the Sunkist partnership and other cost-structure changes.
Insurance Proceeds Recovery
Received aggregate insurance proceeds of $2.3M in March 2026 related to a packing house incident ($1.2M recognized as reduction of agribusiness costs; $1.1M in other operating income).
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 |
|---|---|---|---|
Jun 09, 2026 | $12.10 | $13.18 | +8.93% |
Mar 12, 2026 | $13.78 | $13.20 | -4.21% |
Dec 23, 2025 | $13.78 | $12.82 | -6.93% |
Sep 09, 2025 | $15.56 | $14.74 | -5.28% |
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 Sep 15, 2026, After Close (Confirmed).
What is Limoneira Co (LMNR) earnings time?
Limoneira Co (LMNR) earnings time is at Sep 15, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is LMNR EPS forecast?
LMNR EPS forecast for the fiscal quarter 2026 (Q3) is 0.19.