Limoneira Q3 revenue misses analyst estimates on brokerage transition

Limoneira reported fiscal third-quarter revenue of $43.81 million, missing analysts' estimate of $49.62 million. Adjusted earnings per share were $0.02, also below the consensus estimate of $0.19.

The company reported a $0.17 loss per share, compared with a $2.96 million operating loss and a $3.98 million pretax loss.

The current average analyst rating on the shares is buy, with 2 strong buy or buy ratings, 1 hold, and no sell or strong sell ratings.

Wall Street's median 12-month price target is $18.00, about 19.8% above the September 8 closing price of $15.03. The stock recently traded at 39 times expected next-12-month earnings, versus 154 times three months ago.