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Limoneira Co (LMNR)
NASDAQ:LMNR
Earnings Data
Report Date
Jun 09, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.17Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: near-term financial results were weak with a large year-over-year revenue decline (~47%), deeper operating and net losses, and higher leverage. However, management outlined clear strategic actions — Sunkist partnership (driving expected $10M in SG&A savings), aggressive asset monetization (real estate, water rights, Windfall Farms), avocado acreage growth (near-term 100% capacity upside as trees mature), and an organic recycling JV — that create multiple paths to revenue diversification and margin improvement over the medium term. Given substantial current-quarter negatives but credible, quantifiable initiatives to improve cost structure and unlock asset value, the takeaways are balanced between significant near-term challenges and actionable long-term catalysts.Company Guidance
Strategic Sunkist Partnership and SG&A Savings
Transitioned lemon sales/marketing to Sunkist, shifting seasonal cadence (Q1–Q2 softer, Q3–Q4 stronger) and providing enhanced access to major U.S. retailers. Company expects approximately $10.0 million in annual selling, general & administrative savings in Fiscal 2026 as a result of the partnership.
Cost Reductions and Improved Cost Structure
Total costs and expenses decreased to $28.8 million, down 27% year-over-year from $39.7 million, demonstrating execution on cost initiatives and improved underlying operational efficiency.
Avocado Acreage Expansion and Production Growth Potential
1,600 acres of avocados planted with 800 acres currently bearing and ~800 nonbearing acres expected to begin bearing over the next 2–4 years — representing a near 100% increase in production capacity as nonbearing acreage matures.
Real Estate and Non-Core Asset Monetization Pipeline
Real estate development pipeline with expected proceeds of $155 million over the next five fiscal years (Harvest, Limoneira Lewis Community Builders 2, East Area 2). Windfall Farms vineyard and Argentina asset dispositions advancing; Windfall targeted for completion by end of Fiscal 2026.
Water Rights Monetization Opportunity
Progress on monetizing water assets: realized $1.7 million last year from Santa Paula Basin water rights and sold water at ~$30,000/acre-foot as a benchmark. Company highlights Class 3 Colorado River rights as potentially high-value given ongoing regional cutbacks and expects near-term programs to monetize these rights.
New Organic Recycling Joint Venture
Planned 50/50 organic recycling JV with Agerman expected to process ~300,000 tons of organic waste annually and contribute to EBITDA when operational in Fiscal 2027, adding a non-agriculture revenue/EBITDA engine.
Reiterated Fiscal 2026 Volume Guidance
Management reiterated full-year Fiscal 2026 guidance: fresh lemon volumes of 4.0–4.5 million cartons and avocado volumes of 5.0–6.0 million pounds, providing clarity on expected annual production.
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 |
|---|---|---|---|
Mar 12, 2026 | $13.78 | ― | ― |
Dec 23, 2025 | $13.78 | $12.82 | -6.97% |
Sep 09, 2025 | $15.56 | $14.74 | -5.27% |
Jun 09, 2025 | $15.93 | $16.30 | +2.32% |
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 Jun 09, 2026, After Close (Confirmed).
What is Limoneira Co (LMNR) earnings time?
Limoneira Co (LMNR) earnings time is at Jun 09, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LMNR EPS forecast?
LMNR EPS forecast for the fiscal quarter 2026 (Q2) is -0.21.