Landec Corporation (NASDAQ:LNDC) is reporting fourth quarter earnings results on Tuesday 11th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.03 per share.
For the full year, analysts predict revenues of $ 590.31 million, while looking forward to loss of $ 0.26 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 580.00 million ~ $ 590.00 million, where as bottomline are predicted in a range of $ 0.16 ~ $ 0.20 per share
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Previous Quarter Performance
Landec Corporation posted income for the third quarter of $ 0.04 per share, from the revenue of $ 152.93 million. The quarterly revenues compared with the same quarter last year. According to street consensus, LNDC was expected to report 3Q20 income of $ 0.05 per share from revenue of $ 153.00 million. The bottom line results missed street analysts by $ 0.01 or 20 percent, at the same time, top line results fell short of analysts by $ 0.07 million or 0.05 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LNDC was $ 10.70, representing a 43.05 % increase from the 52 week low of $ 7.48 and a 14.13 % decrease over the 52 week high of $ 12.46.
The company has a market capital of $ 312.25 million and is part of the Consumer Defensive sector and Packaged Foods industry.
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Conference Call
Landec Corporation will be hosting a conference call at 5:00 PM eastern time on 11th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.landec.com
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through Curation Foods and Lifecore segments. The Curation Foods segment engages in processing, marketing, and selling of vegetable-based salads, and fresh-cut and whole vegetable products primarily under the Eat Smart brand, O branded olive oils and wine vinegars, and Yucatan and Cabo Fresh guacamole and avocado food products, as well as various private labels.
