Shares of Lavoro Limited (NASDAQ:LVRO – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.00, but opened at $5.55. Lavoro shares last traded at $5.57, with a volume of 1,178 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Oppenheimer assumed coverage on shares of Lavoro in a report on Thursday, April 11th. They issued an “outperform” rating and a $11.00 price objective on the stock.
Read Our Latest Analysis on LVRO
Lavoro Stock Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. The business had revenue of $618.96 million during the quarter, compared to analyst estimates of $626.10 million. As a group, research analysts forecast that Lavoro Limited will post -0.35 EPS for the current year.
About Lavoro
Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.
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