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Landec Q3 Earnings Preview

Benzinga Newsdesk

Landec (NASDAQ: LNDC) announces its next round of earnings Tuesday. Here is Benzinga's everything-that-matters guide for today's Q3 earnings announcement.

Earnings and Revenue

Based on Landec management projections, analysts predict EPS of 9 cents per share on revenue of $146 million.

Landec EPS in the same period a year ago totaled 13 cents. Revenue was $136.5 million. The analyst consensus estimate would represent a 30.8 percent decline in the company's EPS figure. Sales would be up 6.9 percent on a year-over-year basis.

View more earnings on LNDC

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

For a full 12 months, the return has risen by 8.75 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Landec. The strength of this rating has maintained conviction over the past three months.

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