Alico Q3 profit turns positive on higher lease income
ALCO•Drivers of the quarter
- Lease income: Increased lease income, including the company's share of crop insurance payments received by lessees, contributed to improved net income.
- Cost reductions: General and administrative expense fell 21.2% year over year due to lower employee expenses and insurance premiums.
- Business transformation: Q3 results reflect the transition from citrus operations to land sales, leasing and development, with new revenue timing patterns.
Key figures and analyst view
| Metric | Result | Consensus |
|---|---|---|
| Q3 Revenue | $9.04 million | $2.75 million (2 analysts) |
| Q3 Net Income | $1.57 million | — |
| Q3 Adjusted EBITDA | $4.60 million | -$3.05 million (2 analysts) |
| Q3 EBITDA | $4.60 million | — |
The current average analyst rating on the shares is buy, with 1 strong buy or buy, 1 , and no or ratings. The median 12-month price target is , about 16.5% above the August 7 closing price of .
