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
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).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>ARCHER DANIELS (ADM): Free Stock Analysis ReportBUNGE LTD (BG): Free Stock Analysis ReportGRUMA SA-ADR B (GMK): Free Stock Analysis ReportLIMONEIRA CO (LMNR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research