Market Globalist

What the Analysts Are Forecasting for Landec Corporation [LNDC] Earnings

Landec Corporation [NASDAQ:LNDC] will report earnings after markets close on Wednesday, January ‎‎6th.

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LNDC Earnings Forecast For The Current Quarter

Landec Corporation [LNDC] is expected ‎to report strong earnings results for the quarter ending on Nov 2020. Consensus estimates give the ‎company expected revenues of $134.24M and an earnings per share of $0.01 for Nov 2020. Looking ‎further ahead, the company is expected to report revenue of $136.76M at an EPS of $0.06 for Feb ‎‎2021. The estimates represent 4.10% and 860.61% in the company’s revenue and earnings per share, ‎respectively, on a year-on-year basis.

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LNDC Earnings Estimates For The Current Year

For the ‎financial year, Landec Corporation [NASDAQ:LNDC] is expected to bring in revenue of $546.41M. The ‎returns are nearly $-43.96 million lower than the company’s actual revenue recorded in the fiscal year ‎‎2020. In terms of EPS for the 2021, estimate put it at 0.03, higher than that of FY20 by $0.29. Estimates ‎put this year’s earnings growth at 111.50%, 966.70% for the next, and at an annual 10.00% over the ‎next 5-year period. As for sales, forecasts are for a decrease of -7.40% in the current fiscal year and a ‎further 4.10% over the following year.

LNDC Price Performance

On Wall Street, Landec ‎Corporation [NASDAQ:LNDC] finished Monday’s session up 2.21% at $11.09. The stock went up to ‎‎$11.18 at the same session while its lowest single day price was $10.8101. In the last five days, it saw a ‎rise of about 9.48%, Landec Corporation shares gained by almost 2.21% since the beginning of the ‎year. However, the share price has dropped to as low as -6.73% below its one year high. On 01/04/21, ‎the company shares recorded $11.18, the highest single-day price it has got to in the last 52-weeks and ‎a 52-week low was seen on 01/04/21, the same year at $10.81. The company’s shares have inclined by ‎‎10.57% in the past year. The 50-day SMA achieved is $10.41 while the 200-day SMA is $9.99. Volume ‎dropped to 90835.0 from 0.15 million in the previous session.

LNDC Stock Support And Resistance ‎Levels

On the 24-hour scale, the immediate backing is perceived around 10.87 level, and in case ‎of violation of this particular level, it will cause more drop to 10.66 level. On the upper level, 11.40 is still ‎the key resistance. The stock may increase to the subsequent resistance at 11.24. The Relative ‎Strength Index (RSI) pinned on the 14-day chart is 57.93, implying a neutral technical stance while the ‎MACD stands at 0.09, meaning price will decrease in the next trading period. Percent R indicator ‎moved to 43.48%, implying low price movement. Stochastic %K at 47.83% suggest holding the ‎stock.

Is Landec Corporation [NASDAQ:LNDC] a Good Buy Right Now?

It should be noted ‎that LNDC technical indicators for short, intermediate as well as long term progress have placed an ‎overall average of 96% as Buy. The average signal changed from 40% Buy in the last week and ‎compares with 88% Buy in the past month. Data from Landec Corporation’s Trend Spotter indicated ‎that the signals were Bearish. The stock current average is 0.14 million shares in the past 20 days and ‎the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was ‎‎0.13 million shares while the medium term average advocated for 100% Buy. The average long-term ‎signal stands at 100% Buy and the 100-day average volume stands at 0.15 million shares.

What is ‎the short interest in Landec Corporation?

Short interest in the Landec Corporation stock has ‎plunged, decreasing by 10000.0 shares to total 1.15 million shares on Dec 14, 2020. The interest had ‎seen shares on Nov 12, 2020 stand at 1.14 million, data from Yahoo Finance shows. The increase of ‎‎0.87% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to ‎short ratio while the shorted shares account for just 4.42% of the overall float for the ‎stock.

Landec Corporation’s Biggest Shareholders: Who Owns Landec Corporation ‎‎[LNDC]?

Filings by Legion Partners Asset Management showed that the firm now holds a total of ‎‎2,904,340 shares or roughly 9.93% of the outstanding LNDC shares. This means their shares have ‎reduced by 0 from the 2,904,340 the investor reportedly held in its prior 13-F filing. With the conclusion ‎of the sale, Wynnefield Capital, Inc. updated stake is worth $29,862,855. Details in the latest 13F filings ‎reveal that Russell Investment Management LLC disposed off their -7.07% stake valued at $29,179,238 ‎while Dimensional Fund Advisors LP cut theirs at $23,776,237. During the last quarter, Russell ‎Investment Management LLC liquidated -214,332 of its shares in Landec Corporation while Dimensional ‎Fund Advisors LP sold -44,162 shares. The The Vanguard Group, Inc.’s holdings currently number ‎‎2,020,029 shares at $22402121.61. According to the firm’s last 13F report, BlackRock Fund Advisors ‎shares in the company at filing stood at 1,748,572 shares, roughly $18,097,720.

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What are analyst ‎thoughts on Landec Corporation?

Looking forward to the Landec Corporation share price ‎prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Landec ‎Corporation stock at $14.00 within the next 12 months, which represents almost 20.79 per cent growth ‎from its previous closing price of $11.09. The highest analysts’ target for Landec Corporation stock ‎projections is $15.00 and the lowest one is $12.00. Still, 6 analysts sharing their consensus rating for ‎LNDC stock in 2021 agree that it is a Buy.‎

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