Overview
Alico Q3 revenue falls 38.4% yr/yr, missing analyst expectations, per LSEG data
Adjusted EBITDA for Q3 beats estimates
Company completes final major citrus harvest, focusing on land development
Outlook
Company expects to end fiscal year 2025 with cash to cover expenses through fiscal year 2027
Company expects fiscal year 2025 adjusted EBITDA of approximately $20 mln
Result Drivers
ASSET SALES - Over $9 mln generated from land and equipment sales, exceeding land sales target
INSURANCE RECOVERY - $16 mln in crop insurance proceeds bolstered cash position and liquidity profile
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $8.39 mln | $8.90 mln (1 Analyst) |
Q3 EPS |
| -$2.39 |
|
Q3 Net Income |
| -$18.29 mln |
|
Q3 Adjusted EBITDA | Beat | $19.27 mln | $400,000 (1 Analyst) |
Q3 EBITDA |
| $19.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Alico Inc is $34.25, about 5.4% above its August 11 closing price of $32.40
Press Release: ID:nGNXwRwsM