On Wednesday, Landec (NASDAQ: LNDC) will report its last quarter's earnings. Here is Benzinga's take on the company's latest release.
Earnings and Revenue
Landec earnings will be near 1 cent per share on sales of $135 million, according to analysts.
The Wall Street estimate would represent an 87.5 percent decline in the company's earnings. Sales would be down from the same quarter last year.
Here's how the Landec's reported EPS has stacked up against analyst estimates in the past:
|Quarter||Q1 2018||Q4 2017||Q3 2017||Q2 2017|
Q2 EPS Estimate: 0.01
Q2 Revenues Estimate: $135 million
Shares of Landec were trading at $12.55 on Wednesday. Given that the stock's returns over the last 52 weeks are generally negative, long-term shareholders are likely a little upset going into this earnings release. Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts generally rate Landec stock as Neutral. The strength of this rating has maintained conviction over the past three months.
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