Gearing Up For Earnings, What’s in Store For Limoneira Company (NASDAQ:LMNR)

Earnings is just around the corner for Limoneira Company (NASDAQ:LMNR) as the firm is slated to issue their report on 1/10/2017 4:30:00 PM.  The firm has most recently posted quarter over quarter growth of 103.60% and sales growth of 33.90% quarter over quarter.

In terms of the trend lines, Limoneira Company (NASDAQ:LMNR) shares are currently -4.84% off of their 52-week high and 83.41% off from the 52-week low point.  The stock is 15.16% from the 200-day moving average and 6.02% from the 50-day average.  The Relative Strength Index for the stock stands at 59.56.

Increased volatility should be expected heading into and immediately after the Limoneira Company (NASDAQ:LMNR) earnings report.  According to the most recent data, the average true range stands at 0.78 which is a measure of the most recent volatility.  The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low).  The average volatility for the week stands at 6.56% and 3.64% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 0.56.  

Potential Upside

So is there any potential upside for the stock if Limoneira Company is able to meet or beat earnings?  Analysts, on a consensus basis have a $22.41 on the stock, compared to a recent bid of $20.73.  The average broker recommendation yields a score of 1.50, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.  

Ownership

Heading into the earnings report, 1.20% shares are held by company insiders.  On the institutional front, 26.00% of Limoneira Company (NASDAQ:LMNR) are owned by firms or funds.  Over the past few months, insider transactions have trended -7.72% while institutions saw a change of 0.22% in company stock. 

Performance

Year to date, Limoneira Company (NASDAQ:LMNR) holders have seen returns of -3.77%.  Over the past month the stock moved 9.81% and most recently shares over the past five trading days have moved 1.97%.

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