Alico Inc reports results for the quarter ended June 30 - Earnings Summary

• Alico Inc ALCO.OQ reported a quarterly adjusted loss of $2.38​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -90 cents. The lone analyst forecast for the quarter was for a loss of 35 cents per share.

• Revenue fell 38.4% to $8.39 million from a year ago; analysts expected $8.90 million.

• Alico Inc's reported EPS for the quarter was a loss of $2.39​.

• The company reported a quarterly loss of $18.29 million.

• Alico Inc shares had fallen by 0.9% this quarter and gained 25.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 also "buy"

• Wall Street's median 12-month price target for Alico Inc is $34.25, about 5.4% above its last closing price of $32.40

This summary was machine generated from LSEG data August 12 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)