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