Weakness Seen in Limoneira (LMNR): Stock Drops 5.2%
Limoneira Company (LMNR) saw a big move in the last trading session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LMNR as the stock is now down nearly 21% in the past one-month time frame.
The company, which is engaged in agribusiness, rental operations and real estate development business, has seen 3 negative estimate revisions over the past month, and its current year earnings consensus has also moved significantly lower over the same period. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent decline will continue, as the earnings picture definitely suggests that this might be the case.
LMNR currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Investors interested in the Agriculture industry may consider better-ranked stocks like Gruma S.A.B. de CV (GMK), Archer Daniels Midland Company (ADM) and Bunge Limited (BG). While Gruma carries a Zacks Rank #1 (Strong Buy), Archer Daniels and Bunge hold a Zacks Rank #2 (Buy).
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LIMONEIRA CO (LMNR): Free Stock Analysis Report
GRUMA SAB DE CV (GMK): Free Stock Analysis Report
BUNGE LTD (BG): Free Stock Analysis Report
ARCHER DANIELS MIDLAND CO (ADM): Free Stock Analysis Report
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