ALCO

Image source: The Motley Fool. Tuesday, Aug. 11, 2026 at 8:30 a.m. ET President and Chief Executive Officer - John Kiernan Chief Financial Officer - Bradley Heine Operator: Good morning, and welcome to Alico's Third Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, today's call is being recorded. I would now like to turn the call over to your host, John Mills, Managing Partner at ICR. Please go ahead. John Mills: Good morning, everyone, and thank you for joining us for Alico's Third Quarter 2026 Conference Call. On the call today are John Kiernan, President and Chief Executive Officer; and Brad Heine, Chief Financial Officer. By now, everyone should have access to the third quarter 2026 earnings release, which went out yesterday at approximately 4:15 p.m. Eastern Time. If you've not had a chance to view the release, it's available on the Investor Relations portion of the company's website at alicoinc.com. This call is being webcast, and a replay will be available on Alico's website as well. Before we begin, we'd like to remind everyone that the prepared remarks contain forward-looking statements. Such statements are subject to risks, uncertainties and other factors that may cause the actual results to differ materially from those expressed or implied in these statements. Important factors that could cause or contribute to such differences include risks detailed in the company's quarterly reports on Form 10-Q, annual reports on Form 10-K, current reports on Form 8-K and any amendments thereto filed with the SEC and those mentioned in the earnings release. The company undertakes no obligation to subsequently update or revise the forward-looking statements made on today's call, except as required by law. During this call, the company may also discuss non-GAAP financial measures, including EBITDA, adjusted EBITDA and net debt. For more details on these measures, please refer to the company's press release issued yesterday. And with that, it is my pleasure to turn the call over to the company's President and CEO, Mr. John Kiernan. John Kiernan: Thank you, John, and good morning, everyone. Our third quarter results reflect a business that is generating cash and building the flexibility to execute our strategy on our own terms. We ended the quarter with $55.6 million in cash and cash equivalents, up $17.5 million since fiscal year-end, our strongest balance sheet position since we began our strategic transformation in January 2025. That cash position creates net debt of just $29.8 million and gives us valuable flexibility to advance our entitled real estate development pipeline on our own timeline, not one dictated by liquidity. Given that strength, we're raising our fiscal year 2026 guidance. Let me walk through the key developments during and subsequent to the third quarter end. First, we entered into an agricultural lease agreement for approximately 3,280 acres in Hendry County, structured with an option to purchase the property for $29.5 million or $9,000 per acre. This transaction validates our land monetization strategy in 2 ways. It gives us recurring contracted lease income and gives our counterparty the ability to acquire the land at what we believe is a fair current market value for that acreage. That $9,000 per acre price holds through June of 2029, after which the purchase price escalates annually. The current $9,000 per acre figure is consistent with the per acre values we've realized on our recent agricultural land sales and supports our conservative view that our roughly 47,300-acre portfolio carries substantially more value than is reflected in our current market capitalization. We structured this deal so that it delivers value for us either way, contracted lease income and a compelling embedded value outcome if the option is exercised down the road. That kind of flexibility is what our land monetization strategy is designed to capture. Second, during the quarter, we acquired the remaining 49% interest in Citree, a joint venture through which we held a 51% interest in approximately 1,200 acres of land within our Joshua Grove in DeSoto County. Because we held the majority interest, Citree's assets and liabilities, including its approximately $3.3 million of outstanding debt, were already reflected on our consolidated balance sheet. As part of this transaction, we paid $2 million in cash for the remaining 49% interest and took on sole responsibility for that debt, which our joint venture partner had previously shared. We now own 100% of that entity and its underlying Joshua Grove acres outright, which we believe simplifies our corporate structure and gives us full control over the future reuse of that property. Third, Corkscrew Grove East Village has moved into state and federal permitting following its local entitlement approval in April. That process is progressing, and we believe that we remain on track for potential construction commencement in 2028 or 2029 pending receipt of all required approvals from the South Florida Water Management District, the U.S. Army Corps of Engineers and the U.S. Fish and Wildlife Service. Fourth, we remain focused on operational discipline and continue to review our operating cost structure to improve cash flow. This year, we are executing a number of initiatives to reduce overhead, including a new office lease that we expect will begin delivering additional savings starting in the second quarter of next fiscal year. Fifth, on the capital allocation side, we completed $10 million of our share repurchase program during the quarter, having repurchased 245,399 shares in total, including 38,059 shares in the third quarter alone. Combined with our regular common dividend, we continue to return meaningful capital to shareholders this year while still building cash, which speaks to the strength of the cash flow the business is generating and supports our strategic transformation. Our diversified land management programs, including our agricultural leases, sod, rock and sand royalty arrangements, all continue to perform well and approximately 98% of our farmable acreage continues to be leased. Our priorities for fiscal 2026 remain unchanged, optimize our agricultural operations by maximizing revenue from our diversified leasing programs while maintaining cost controls, advance our development projects through the entitlement process with particular focus on Corkscrew Grove Villages, balance our entitlement-related investments with shareholder returns while maintaining financial flexibility and pursue operational excellence by leveraging our experienced team and local relationships to execute efficiently. Given our performance through the first 9 months of the fiscal year, we are raising our fiscal year 2026 guidance. We now expect adjusted EBITDA of approximately $15 million, and we now expect to end the fiscal year with approximately $48 million of cash and net debt of approximately $37 million. This liquidity should be sufficient to support our operations for at least 3 additional fiscal years through 2029 without requiring any additional asset sales. We recognize this remains a multiyear transformation, and we believe the progress we are reporting this quarter on our balance sheet, in our leasing program and with our entitlement and development entitlements demonstrate that we remain on track to unlock the substantial value we believe exists within our approximately 47,300-acre Florida portfolio while maintaining our commitment to responsible land stewardship. With that, I'll turn it over to Brad Heine, our CFO, to walk through our detailed financial results. Bradley Heine: Thank you, John. I'll now walk everyone through our third quarter fiscal 2026 financial results and provide additional details on our financial position. Before I get into the numbers, I want to note a change in how we're presenting our results. Beginning with this quarter, we are no longer presenting Alico Citrus and Land Management and Other operations as separate reportable segments. Following the substantial completion of our citrus wind-down, we now manage and evaluate the business as a single reportable segment. We will continue to disclose revenue by activity on the face of the income statement for comparability, but we will no longer provide a full segment level breakout of expenses and gross profit going forward. For the 3 months ended June 30, 2026, we reported total revenue of $9 million compared to $8.4 million in the prior year period, an increase of 7.7%. For the 9 months ended June 30, 2026, total revenue was $16.3 million compared to $43.3 million in the prior year period, with the decline primarily reflecting the substantial completion of our citrus wind-down. Net income attributable to Alico common stockholders for the 3 months ended June 30, 2026, was $2.1 million or $0.29 per diluted share compared to a net loss of $18.3 million or $2.39 per diluted share in the prior year period. The improvement was principally the result of the completion in April this quarter of the accelerated depreciation on our citrus trees that we recorded in the prior year period, combined with increased lease income from our land management operations. We had EBITDA of $4.6 million for the third quarter compared to $19.2 million in the prior year period. That decline is not a reflection of weaker performance this quarter. It's principally due to a decrease in crop insurance proceeds and a lower gain on the sale of property and equipment. Adjusted EBITDA was also $4.6 million for the quarter compared to $19.3 million in the prior year period. For the 9 months ended June 30, 2026, EBITDA was $23.7 million compared to a loss of $2.2 million in the prior year period, and adjusted EBITDA was $24.2 million compared to $25.3 million in the prior year period. Turning to the balance sheet. Cash and cash equivalents at quarter end were $55.6 million, up from $38.1 million in the fiscal year-end, an increase of $17.5 million. That increase reflects approximately $35 million of net proceeds from land and equipment sales during the 9-month period, partially offset by the $10 million share repurchase program that we completed, the $5.1 million advance to Corkscrew Grove Stewardship District and the $2 million Citree acquisition. Net debt was $29.8 million at quarter end compared to $47.4 million at fiscal year-end, a reduction of $17.6 million. Working capital was $50.6 million with a current ratio of 7.96:1. Total debt was $85.4 million, essentially unchanged from fiscal year-end. Available borrowings under our credit facility were approximately $92.5 million, and our minimum liquidity requirement was $5.8 million. We think this combination, a strong growing balance sheet, low and declining net debt and substantial undrawn borrowing capacity gives us considerable flexibility as we move into the fourth quarter and beyond. Through the third quarter, we have completed $10 million of share repurchases, resulting in 245,399 shares being repurchased since the program began. We are raising our fiscal year 2026 guidance. We now expect adjusted EBITDA of approximately $15 million, up from our prior guidance of approximately $14 million. We also expect to end the fiscal year with cash of approximately $48 million and net debt of approximately $37 million, with only the minimum required balance of $2.5 million remaining on our revolving line of credit. Now I'd like to turn the call back to John for his closing remarks. John Kiernan: Thank you, Brad. Before we open the call for questions, I want to emphasize a few key points. First, Alico is delivering on what we said we would do. The new agricultural lease, the continued high utilization of our farmable acres, the Citree transaction and the progress of our entitlement pipeline all reflect consistent execution of our strategy. Second, our balance sheet gives us the runway and flexibility to advance our development projects on our own terms for at least 2029 without any additional asset sales. $55.6 million in cash and net debt of just $29.8 million and $92.5 million of available borrowing capacity, we believe that we have the resources to execute without being driven by liquidity constraints. Third, Corkscrew Grove East Village has moved into state and federal permitting following its local entitlement approval in April, and we remain on track for potential construction commencement in 2028 or 2029. Finally, we remain focused on responsible land stewardship and conservation. Our commitment to preserving more than 6,000 acres as part of the Corkscrew Grove Villages project, together with our wildlife underpass partnership with the Florida Department of Transportation, reflects our values and differentiates Alico in the development community. Sachi, we'll now open up the call for questions. Operator: [Operator Instructions] The first question is from Raimzhan Bayterek from Freedom Broker. Raimzhan Bayterek: So I just want to clarify the EBITDA outlook. You reported $24 million of adjusted EBITDA through the first 9 months versus full year guidance of approximately $15 million. Could you provide a bit more color on the bridge to this number? Bradley Heine: Sure. Let me take this. In the last quarter of the year, the substantial portion of our revenue has already been earned for the year related to the harvest -- the last citrus harvest and some beneficial lease income that we received in the third quarter. The fourth quarter will be about much lower on a run rate basis of revenue. And accordingly, the expenses, many of which are spread evenly across the year, will continue around the same pace. So as a result, we expect this to be more of an EBITDA usage quarter. Raimzhan Bayterek: Okay. That's very helpful. So could you tell what part of this would be -- most of this would be nonrecurring expenses or some cash expenses? Bradley Heine: Many of them are recurring expenses. It will be the ongoing costs associated with property taxes and our G&A expenses. I don't know if there's anything one-time in nature that I can necessarily call out. Operator: [Operator Instructions] There are no further questions at this time. I would like to turn the floor back over to John Kiernan for closing comments. John Kiernan: All right. Thank you, Sachi. We really appreciate your continuous interest in Alico, everyone, and we look forward to updating you on our year-end progress in November. Thanks very much. Have a great day. Operator: This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation. Before you buy stock in Alico, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alico wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $421,511!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,381,960!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 17, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Alico (ALCO) Q3 2026 Earnings Call Transcript was originally published by The Motley Fool

Download the Complete Report Here Key Takeaways: 3Q FY26 results increasingly reflected ALCO’s post-citrus operating model, with the revenue base now centered on land-management activities. Revenue increased 7.7% y/y to $9.0 million from $8.4 million, as Land Management and Other Operations revenue rose to $7.9 million from $0.6 million, more than offsetting the 85.6% decline in Alico Citrus revenue to $1.1 million from $7.8 million following completion of the final significant citrus harvest. Net income improved to $2.1 million from a loss of $18.3 million y/y, while adjusted EBITDA was $4.6 million and FY26 guidance was raised to approximately $15 million. Beginning in 3Q FY26 (q/e June 30, 2026), ALCO also moved to a single reportable segment following substantial completion of the citrus wind-down, providing a structural marker that the citrus wind-down is substantially complete and the financial reporting increasingly reflects execution of the land-focused model. A key strategic development is ALCO’s new agricultural lease covering approximately 3,280 acres in Hendry County. The lease commenced July 1, 2026, and initially runs through June 30, 2027, with the lessee holding the right to extend it for an additional ten years. More importantly, the agreement includes an option to acquire approximately 3,280 acres for $29.52 million, or $9,000 per acre, if exercised by June 30, 2029, subject to annual escalation and certain acreage adjustments; an extended lease would push the option period through June 2031. Rather than choosing between leasing and selling the asset today, ALCO can therefore generate agricultural income while preserving exposure to future land-value realization. Recent transaction pricing continues to support upside to our agricultural land assumptions. The new purchase option is initially priced at approximately $9,000 per acre, while ALCO sold 3,546 acres during the first nine months of FY26 for $34.6 million, or approximately $9,761 per acre. Both sit materially above the $4,000-$5,000-per-acre assumptions used in the agricultural component of our valuation framework. The broad consistency between recent realized pricing and the new option value provides further evidence that these assumptions leave meaningful room for upside as additional acreage is monetized. While values will vary by location, infrastructure and development potential, the latest transaction evidence supports upside to conservative portfolio assumptions. Corkscrew Grove East Village has moved beyond the local entitlement milestone achieved in April and into the state and federal permitting phase, progressively reducing the regulatory discount embedded in ALCO’s largest development asset. Corkscrew Grove Villages encompasses approximately 4,660 acres and is planned as two master-planned villages supporting roughly 9,000 homes, including approximately 750 affordable units, and approximately 480,000 square feet of commercial uses. More than 6,000 surrounding acres are expected to enter permanent conservation. Following Collier County approval, the remaining process includes permits from the South Florida Water Management District, U.S. Army Corps of Engineers and U.S. Fish and Wildlife Service, with construction potentially beginning in 2028 or 2029 if approvals are obtained. The Citree acquisition increases ALCO’s control over future land monetization by consolidating full ownership of approximately 1,200 acres in DeSoto County. ALCO acquired the remaining 49% interest in Citree for $2.0 million in cash and assumed sole responsibility for approximately $3.3 million of debt that was already reflected on ALCO’s consolidated balance sheet, eliminating the minority interest and giving the company sole discretion over future leasing, sale or other land-use decisions. Following the Citree transaction and recent land sales, ALCO’s owned portfolio stands at approximately 47,300 acres. Full ownership also allows ALCO to retain a greater share of any future value creation from the property, subject to contingent consideration tied to a sale above $12,000 per acre within 24 months. We view the transaction as a strategic step toward simplifying the portfolio and increasing control over monetization timing. The post-citrus cost structure continues to normalize, improving the durability of the underlying operating model. G&A declined 21.2% y/y in 3Q to $2.3 million, driven by lower employee expenses and insurance premiums, while management continues to review overhead following the citrus wind-down. A new office lease is expected to generate additional savings beginning in 2Q FY27. As the remaining legacy citrus costs roll off, ALCO should operate against a lower and more predictable expense base while new lease and land-management revenues build. Adjusted EBITDA remained positive in 3Q FY26, while the raised full-year outlook highlights the timing variability of ALCO’s transformed earnings model. Adjusted EBITDA was $4.6 million in 3Q FY26 versus $19.3 million in the prior-year quarter, with the y/y decline primarily reflecting lower crop-insurance proceeds and a lower gain on property sales. For the first nine months of FY26, adjusted EBITDA totaled $24.2 million versus $25.3 million a year ago. Despite 9M results already exceeding the full-year outlook, ALCO raised FY26 adjusted EBITDA guidance to approximately $15 million from $14 million, with 4Q expected to be an EBITDA usage quarter as revenue steps down materially while recurring property taxes and G&A continue. Stronger liquidity extends ALCO’s operating runway through FY29 without requiring additional asset sales. Cash increased to $55.6 million at June 30 from $38.1 million at FY25-end, while total debt remained essentially unchanged at approximately $85.4 million and net debt declined to $29.8 million from $47.4 million. Working capital reached $50.6 million with a 7.96x current ratio, compared with $49.2 million and 9.56x at September 2025, while ALCO had approximately $92.5 million of available borrowings under its line of credit against a minimum liquidity requirement of $5.8 million. The company now expects to end FY26 with approximately $48 million of cash and $37 million of net debt, improved from prior guidance of $40 million and $45 million, respectively, while maintaining only the minimum required $2.5 million balance on its revolving credit facility. This liquidity gives ALCO greater flexibility to advance development projects on its own timeline rather than relying on near-term asset sales. Inventory also declined to $0.2 million from $4.2 million at FY25-end, while assets held for sale declined from $9.2 million to zero, further reflecting the runoff of the legacy citrus balance-sheet footprint. Land monetization continued to fund the transformation while supporting capital returns and a stronger cash position. Nine-month operating cash flow was $2.3 million versus $22.8 million last year, with the $20.5 million decline largely attributable to significantly higher crop-insurance proceeds received in FY25. Investing cash flow contributed $28.2 million, driven by $35.0 million of property-sale proceeds and partially offset by the $5.1 million Corkscrew advance, while financing outflows totaled $13.1 million, principally reflecting $10.0 million of share repurchases and the $2.0 million Citree acquisition. The company repurchased 245,399 shares, including 38,059 shares in 3Q, and paid approximately $1.1 million of dividends through 9M FY26, returning more than $11 million to shareholders while still increasing cash by $17.5 million since fiscal year-end. Shares outstanding declined to approximately 7.42 million, leaving the company with greater flexibility to balance shareholder returns, entitlement investment and future land monetization. Disclaimer: Exec Edge does not publish proprietary estimates, ratings, price targets, or investment recommendations. The valuation discussion below is illustrative only and is based on company filings, management commentary, and third-party data and estimates. It does not constitute a recommendation, price target, rating, or prediction of future pricing. While we do not publish a formal price target for ALCO, our analysis suggests potential upside from current levels. In light of ALCO’s transition to a land-management-focused business model, we apply a sum-of-the-parts framework combining discounted cash flow analysis for near-term development with risk-adjusted asset values for longer-dated development and agricultural land. Any implied upside reflects the output of this framework and should not be interpreted as a formal price target. We value ALCO using a sum-of-the-parts (SOTP) framework that reflects the company’s evolution into a diversified land platform with distinct asset components and risk profiles. Our approach separates value across near-term development projects with defined execution visibility, longer-dated development optionality embedded in the broader land base, and the long-duration value of agricultural land and royalty streams. Near-term development is valued using a conservative discounted cash flow methodology, while longer-dated development and agricultural land value are incorporated on a risk-adjusted basis to reflect timing, liquidity, and execution uncertainty. We believe this framework more appropriately captures ALCO’s underlying asset value than a single consolidated DCF, while maintaining disciplined underwriting and a clear linkage between upside and execution. Illustrative Valuation. Combining our base-case DCF with risk-adjusted contributions from longer-dated development and agricultural land value, and adjusting for net debt, supports an implied equity value modestly above the current share price. We therefore arrive at an illustrative valuation of approximately $50 per share. Importantly, this upside is driven primarily by execution and entitlement progress rather than discount-rate compression or multiple expansion. As regulatory milestones are achieved and development visibility improves, we see scope for incremental value recognition over time. Recent land transactions continue to support potential upside to ALCO’s underlying land valuation. ALCO’s remaining portfolio comprises approximately 47,300 acres, while recent transaction evidence continues to support values materially above the $4,000-$5,000 per acre agricultural assumptions embedded in our conservative NPV framework. The new 3,280-acre purchase option is initially priced at approximately $9,000 per acre, broadly consistent with recent agricultural land-sale values, while ALCO sold 3,546 acres during the first nine months of FY26 for approximately $34.6 million, or roughly $9,761 per acre. While values vary materially by location, infrastructure and development potential, recent realized and contractual pricing provides additional support for upside to the agricultural component of our SOTP. Read Exec Edge’s Initiation on Alico Here Subscribe to our Weekly Newsletter to Receive All Research Contact: Executives-Edge.com [email protected] The post Alico 3Q Revenue Jumps on Booming Land Management Strategy – Quarterly Update Report appeared first on ExecEdge.

Interested in Alico, Inc.? Here are five stocks we like better. Alico returned to profitability in Q3 fiscal 2026: Revenue rose 7.7% year over year to $9 million, while net income reached $2.1 million, or $0.29 per diluted share, versus a $18.3 million loss a year earlier. The balance sheet strengthened significantly: Cash increased to $55.6 million and net debt fell to $29.8 million, supported by approximately $35 million in proceeds from land and equipment sales. Alico said its liquidity should support operations through at least fiscal 2029 without further asset sales. Alico is advancing its shift toward land management and development: It expanded agricultural leasing, acquired full ownership of the 1,200-acre Citree property, and moved the Corkscrew Grove East Village project into state and federal permitting. Fiscal 2026 adjusted EBITDA guidance was raised to approximately $15 million, though the company expects fourth-quarter EBITDA pressure from ongoing expenses. Alico (NASDAQ:ALCO) reported higher third-quarter revenue and a return to profitability as the company continued its transition away from citrus operations and toward land management, agricultural leasing and real estate development. For the three months ended June 30, 2026, Alico recorded total revenue of $9 million, up 7.7% from $8.4 million a year earlier. Net income attributable to common stockholders was $2.1 million, or $0.29 per diluted share, compared with a net loss of $18.3 million, or $2.39 per diluted share, in the prior-year quarter. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat Chief Financial Officer Brad Heine said the year-over-year improvement in net income primarily reflected the completion of accelerated depreciation on citrus trees that had affected the prior-year period, as well as increased lease income from land management operations. Alico said it will no longer report Alico Citrus and Land Management and Other Operations as separate reportable segments following the substantial completion of its citrus wind-down. The company will continue to disclose revenue by activity on its income statement. → 3 Dividend Champion Utilities for a Market That Can't Sit Still President and Chief Executive Officer John Kiernan said Alico ended the quarter with $55.6 million in cash and cash equivalents, an increase of $17.5 million from fiscal year-end. Net debt declined to $29.8 million from $47.4 million at fiscal year-end. The increase in cash reflected approximately $35 million in net proceeds from land and equipment sales during the first nine months of the fiscal year. Those proceeds were partly offset by Alico's completed $10 million share repurchase program, a $5.1 million advance to the Corkscrew Grove Stewardship District and a $2 million acquisition related to Citree. → Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War Alico repurchased 245,399 shares under the program, including 38,059 shares during the third quarter. The company also continued to pay its regular common dividend. At quarter-end, total debt was $85.4 million, essentially unchanged from fiscal year-end. The company reported $92.5 million of available borrowing capacity under its credit facility, working capital of $50.6 million and a current ratio of 7.96-to-1. Kiernan said the company believes its liquidity is sufficient to support operations through at least fiscal 2029 without additional asset sales. During and after the quarter, Alico entered into an agricultural lease agreement covering roughly 3,280 acres in Hendry County. The agreement includes an option for the counterparty to purchase the property for $29.5 million, or $9,000 per acre. The $9,000-per-acre purchase price remains in effect through June 2029 and then escalates annually. Kiernan said the figure is consistent with per-acre values Alico has realized in recent agricultural land sales. The company said the arrangement provides contracted lease income while preserving a potential future sale outcome if the purchase option is exercised. Alico also acquired the remaining 49% interest in Citree, a joint venture through which it had held a 51% interest in approximately 1,200 acres at Joshua Grove in DeSoto County. The company paid $2 million in cash and assumed sole responsibility for approximately $3.3 million of Citree debt, which had already been included in Alico's consolidated financial statements. Following the transaction, Alico owns Citree and its Joshua Grove acreage outright. Kiernan said the acquisition simplifies the company's structure and gives it full control over the property’s future reuse. Alico said its Corkscrew Grove East Village project has entered state and federal permitting after receiving local entitlement approval in April. The company said it remains on track for potential construction to begin in 2028 or 2029, subject to approvals from the South Florida Water Management District, the U.S. Army Corps of Engineers and the U.S. Fish and Wildlife Service. Kiernan also highlighted the company’s commitment to preserve more than 6,000 acres as part of the Corkscrew Grove Villages project, as well as a wildlife underpass partnership with the Florida Department of Transportation. The company said approximately 98% of its farmable acreage remains leased. Its diversified land-management activities include agricultural leases, sod operations, and rock and sand royalty arrangements. Alico raised its fiscal 2026 adjusted EBITDA guidance to approximately $15 million from prior guidance of approximately $14 million. It expects to finish the fiscal year with roughly $48 million in cash and net debt of approximately $37 million, with only the minimum required $2.5 million balance remaining on its revolving credit line. For the first nine months of fiscal 2026, adjusted EBITDA was $24.2 million, compared with $25.3 million a year earlier. EBITDA was $23.7 million, compared with a loss of $2.2 million in the prior-year period. During the question-and-answer session, Heine addressed why full-year adjusted EBITDA guidance is below the first nine months’ reported adjusted EBITDA. He said much of the year’s revenue had already been earned through the final citrus harvest and beneficial lease income received in the third quarter, while fourth-quarter expenses such as property taxes and general and administrative costs will continue. As a result, he said Alico expects the fourth quarter to be an EBITDA-usage quarter. Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices. In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Alico Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management emphasized that the current cash position of $55.6 million provides the strongest balance sheet since the 2025 strategic transformation, allowing for development timelines to be dictated by strategy rather than liquidity. The new 3,280-acre agricultural lease in Hendry County validates the land monetization strategy by securing recurring income while establishing a $9,000 per acre purchase option that aligns with recent market valuations. Acquiring the remaining 49% interest in the Citree joint venture was a strategic move to simplify corporate structure and gain full control over the future reuse of 1,200 acres in Joshua Grove. The Corkscrew Grove East Village project has transitioned from local entitlement approval to the state and federal permitting phase, involving multiple regulatory agencies. Operational discipline remains a priority, with management executing overhead reduction initiatives, including a new office lease expected to yield savings starting in Q2 of the next fiscal year. Management maintains that the company's roughly 47,300-acre portfolio holds value substantially higher than current market capitalization, supported by consistent per-acre pricing in recent transactions. The business has achieved high utilization of its farmable land, with approximately 98% of acreage currently under lease. Management raised fiscal year 2026 adjusted EBITDA guidance to approximately $15 million, reflecting performance through the first nine months. Current liquidity is projected to be sufficient to support operations through at least 2029 without requiring additional asset sales, providing a three-year operational runway. Construction commencement for the Corkscrew Grove Villages is targeted for 2028 or 2029, contingent upon receiving all required state and federal environmental permits. The company expects to end the fiscal year with approximately $48 million in cash and net debt of approximately $37 million, leaving only a minimum balance on the revolving credit line. Future value realization is tied to a multi-year transformation involving the progression of the entitled real estate development pipeline. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Alico has ceased presenting Citrus and Land Management as separate reportable segments following the substantial completion of the citrus wind-down, moving to a single-segment reporting structure. The company completed its $10 million share repurchase program during the quarter, totaling 245,399 shares. Net income improvements were primarily driven by the completion of accelerated depreciation on citrus trees recorded in the prior year period. The Citree acquisition resulted in Alico assuming sole responsibility for $3.3 million in debt previously shared with a joint venture partner. Management explained that the fourth quarter is expected to be an 'EBITDA usage quarter' because most revenue from citrus harvests and specific leases was recognized in the first nine months. Recurring expenses such as property taxes and G&A will continue at a steady pace while revenue run rates decline significantly in the final period.

Alico (ALCO) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of a loss of $0.73 per share. This compares to a loss of $2.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +139.73%. A quarter ago, it was expected that this agribusiness and land management company would post earnings of $0.97 per share when it actually produced earnings of $1.49, delivering a surprise of +53.61%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Alico, which belongs to the Zacks Agriculture - Operations industry, posted revenues of $9.04 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 247.69%. This compares to year-ago revenues of $8.39 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Alico shares have added about 5% since the beginning of the year versus the S&P 500's gain of 13.3%. While Alico has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Alico was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.73 on $1.3 million in revenues for the coming quarter and -$0.43 on $11.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Agriculture - Operations is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Cibus (CBUS), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13. This developer and licensor of plant traits for seed companies is expected to post quarterly loss of $0.26 per share in its upcoming report, which represents a year-over-year change of +57.4%. The consensus EPS estimate for the quarter has been revised 18.6% higher over the last 30 days to the current level. Cibus' revenues are expected to be $1.41 million, up 51.6% from the year-ago quarter. 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 Alico, Inc. (ALCO) : Free Stock Analysis Report Cibus, Inc. (CBUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Company Entered Agricultural Lease Agreement for Approximately 3,280 Acres, Including a Purchase Option for $29.5 million, Extending Alico’s Land Monetization Strategy Beyond Outright Sales Corkscrew Grove East Village Advances to State and Federal Permitting Process Following April 2026 Local Entitlement Approval Company Completes $10.0 million of the Share Repurchase Program, Repurchasing Approximately 245,000 Shares, While Continuing to Strengthen Cash Position Recently Strengthened Liquidity Position Extends Operating Runway Through 2029, Without Requiring Any Additional Asset Sales Company Raises Fiscal Year 2026 Guidance Projecting Adjusted EBITDA of approximately $15 Million, Cash of Approximately $48 million and Net Debt of Approximately $37 million FORT MYERS, Fla., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico”, the “Company”, “we”, “us” or “our”) (Nasdaq: ALCO) today announced financial results for the third quarter ended June 30, 2026. Management Comments John Kiernan, President and Chief Executive Officer of the Company, stated, “Our third quarter results reflect the continued, steady execution of our Strategic Transformation. For example, the additional agricultural lease we recently signed for approximately 3,280 acres, structured with a purchase option, reflects how our land monetization strategy allows us to generate recurring lease income while preserving the optionality to realize additional value from the property over time, and we believe it reflects the discipline and flexibility that has defined our transformation to date. Corkscrew Grove East Village received local entitlement approval in April and is now advancing through the state and federal permitting process." Mr. Kiernan continued, “We continue to review our operating cost structure to improve our cash flow, and this year we are executing a number of initiatives to reduce overhead, including a new office lease that we expect will begin delivering additional savings starting in the second quarter of next fiscal year. We recognize this remains a multi-year transformation, and we believe the markers of progress we are reporting this quarter — on our balance sheet, in our leasing program, and in our development entitlements — demonstrate that we remain on track to unlock the substantial value we believe exists within our approximately 47,300-acre Florida portfolio, while maintaining our commitment to responsible land stewardship. With cash and cash equivalents of $55.6 million at quarter-end, we believe we've extended our financial runway through fiscal year 2029, without requiring any additional asset sales, giving us the flexibility to advance our development pipeline on our own timeline." Results of Operations for the Third Quarter 2026: For the three months ended June 30, 2026 and 2025, the Company reported net income (loss) attributable to Alico common stockholders of $2.1 million and $(18.3) million, respectively. The shift from a net loss to net income attributable to Alico common stockholders for the three months ended June 30, 2026 was principally the result of the Company's Strategic Transformation, including the resulting acceleration of depreciation on its citrus trees during the three months ended June 30, 2025 and increased lease income as a result of the Company's share of crop insurance payments received by one of its lessees during the three months ended June 30, 2026. For the three months ended June 30, 2026, the Company had earnings of $0.29 per diluted common share, compared to a loss of $(2.39) per diluted common share for the three months ended June 30, 2025. For the three months ended June 30, 2026 and 2025, the Company had EBITDA of $4.6 million and $19.2 million, respectively, and Adjusted EBITDA of $4.6 million and $19.3 million, respectively. These quarterly financial results reflect the evolving nature of the Company’s business as it executes its strategic transformation. Historically, the Company was primarily engaged in citrus production and sales, which created significant seasonal patterns with the first and second quarters typically generating most annual revenue and higher working capital requirements in the third and fourth quarters coinciding with harvesting cycles. As part of the Company’s strategic transformation, the Company has made the decision to wind down its citrus operations and focus on land sales, land leasing, and land development activities. The Company completed its last significant citrus harvest in April 2025. While the Company expects the historical seasonal patterns to diminish over time as this transition progresses, the Company’s financial results may continue to reflect some seasonality during the wind-down period. Additionally, the Company’s new focus on land sales, leasing, and development may introduce different timing patterns for revenue recognition based on transaction closings and development project milestones. Given this business transformation, results for any quarter may not be indicative of results for the full year, and historical seasonal patterns may not be predictive of future quarterly performance as the Company completes the transition to its new business model. Other Corporate Financial Information General and administrative expense decreased 21.2% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025 due to lower employee expenses and insurance premiums. General and administrative expense decreased 3.9% for the nine months ended June 30, 2026, compared to the nine months ended June 30, 2025 due to lower depreciation expense, partially offset by an increase in contract labor costs and a provision for credit losses on certain citrus receivables. Dividend On July 16, 2026, the Company paid a third quarter cash dividend of $0.05 per share on its outstanding common stock to stockholders of record as of July 2, 2026. Balance Sheet and Liquidity The Company continues to demonstrate financial strength within its balance sheet, as highlighted below: The Company’s working capital was $50.6 million at June 30, 2026, representing a 7.96 to 1.00 current ratio. Total debt was $85.4 million and net debt was $29.8 million at June 30, 2026, compared to $85.5 million and $47.4 million, respectively, at September 30, 2025. Available borrowings under the Company’s line of credit were approximately $92.5 million at June 30, 2026. The Company's Minimum Liquidity Requirement under its Credit Agreement was $5.8 million at June 30, 2026. Real Estate and Land Development In June 2026, Alico acquired the remaining 49% ownership interest in Citree, a joint venture through which the Company held a 51% interest in approximately 1,200 acres of land in DeSoto County, for $2.0 million in cash, plus potential contingent consideration and the assumption of all of Citree’s approximately $3.3 million of outstanding debt. Following the transaction, Alico owns 100% of the entity and its underlying acreage. The Company believes this transaction simplifies its corporate structure and gives it full ownership and control over the future use of this property, consistent with its broader strategy of streamlining the business. In January 2025, Alico sought legislative approval from the Florida Legislature to establish the Corkscrew Grove Stewardship District. Stewardship districts are independent special districts authorized to plan, finance, construct, operate and maintain public infrastructure in planned developments, operating on the principle that growth pays for itself. Similar districts are used in communities like Ave Maria and Lakewood Ranch. In March 2025, the Company announced the creation of Corkscrew Grove Villages located on approximately 4,660 acres at the northwest corner of Collier County on the border of Lee and Hendry counties. These two master planned developments are expected to comply with the County’s 1,500- acre cap for Villages, and be accompanied by more than 6,000 acres of permanent conservation areas. The plan for these villages is to feature approximately 9,000 homes, including approximately 750 affordable housing units total for essential workers, and approximately 480,000 square feet of commercial space offering retail, dining, office, and medical uses. The East Village includes an additional 100,000 square feet for indoor self-storage and a minimum of 45,000 square feet of civic uses, and the West Village may include similar additional uses depending on County requirements and future site planning. Alico launched its multi-year entitlement process for Corkscrew Grove Villages by submitting an application to Collier County for local approval for the first of the two villages, the East Village. The Company has also submitted permits to the South Florida Water Management District and the U.S. Army Corps of Engineers for both villages. In April 2026, Alico received final local entitlement approvals from the Collier County Board of County Commissioners for the East Village component of Corkscrew Grove Villages. This advances the project toward obtaining the required federal permits from the U.S. Army Corps of Engineers and U.S. Fish and Wildlife Service, as well as the state permits from the South Florida Water Management District. Construction on the first village could begin in 2028 or 2029 if all approvals are granted. Alico maintains a strong commitment to regional conservation, having transferred lands over the past 40 years that became part of the Corkscrew Regional Ecosystem Watershed (CREW), Tiger Creek Preserve and Okaloacoochee Slough Wildlife Management Area. In 2023, Alico sold more than 17,000 acres of land from central Hendry County, commonly referred to as Devil’s Garden, to the Florida Department of Environmental Protection as part of the Florida Forever program. Since Devil’s Garden was added to the Florida Forever Priority List in 2002, Alico has sold or entered easements to protect more than 46,800 acres within the project boundaries. Combined with the more than 6,000 acres expected to be placed in conservation as part of the Corkscrew Grove Villages proposal, these efforts support the implementation of the Florida Wildlife Corridor. The plan for Corkscrew Grove Villages aligns with the Collier Rural Land Stewardship Area (RLSA) program, an innovative, incentive-based approach to sustainable rural growth that has received national recognition. The villages will enhance public infrastructure and provide significant economic benefit to the region at no additional cost to taxpayers. Fiscal Year 2026 Guidance The Company raises its Adjusted EBITDA guidance to approximately $15 million in fiscal year 2026. The Company now expects to end the fiscal year with cash of approximately $48 million and net debt of approximately $37 million, with only the minimum required balance of $2.5 million on its revolving line of credit. In the event that any additional capital is returned to shareholders through increased common dividends, special dividends, tender offers or open market share repurchases during the 2026 fiscal year, the Company’s cash balance could be reduced and net debt could be correspondingly increased. Conference Call Information The Company will host a conference call to discuss its financial results on August 11, 2026, at 8:30 am Eastern Time. Interested parties may join the conference call by dialing 1-877-407-3982 in the United States and 1-201-493-6780 from outside of the United States. The participant identification to join the conference call is “ALICO”. A telephone replay will be available approximately three hours after the call concludes, and will be available through August 25, 2026. Listeners in the United States may dial 1-844-512-2921 and international listeners may dial 1-412-317-6671. The passcode for the playback is 13761363. About Alico Alico, Inc. (Nasdaq: ALCO) is a Florida-based agribusiness and land management company with over 125 years of experience. Following its strategic transformation in 2025, Alico operates as a diversified land company with approximately 47,300 acres across 7 Florida counties. The Company focuses on strategic land development opportunities and diversified agricultural operations, leveraging its extensive land portfolio to create long-term shareholder value while maintaining its commitment to responsible land stewardship and conservation. Learn more about Alico at www.alicoinc.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding our strategic transformation and business model; fiscal year 2026 and future guidance, outlook, projections, targets and expectations, including Adjusted EBITDA, EBITDA, cash, cash flow, liquidity, borrowing availability, minimum liquidity requirements, capital expenditures, debt, net debt and potential uses of capital; land sales, land monetization strategy and expected proceeds and timing; leasing, use of acreage and expected revenues from agricultural and other partnerships; real estate entitlement, permitting and development activities and timelines, including Corkscrew Grove Villages, stewardship district matters, regulatory decisions and potential construction timing; future use, conservation and estimated value of our land holdings and any other statements relating to our future activities events or conditions. These statements are based on our current expectations, estimates and projections about our business based, in part, on assumptions made by our management and can be identified by terms such as “if,” “will,” “should,” “expects,” “plans,” “hopes,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including, but not limited to: our ability to successfully develop and execute our strategic growth initiatives, including our Strategic Transformation, which may not achieve intended outcomes and may entail unintended consequences or additional costs; our planned shift in revenue mix toward real estate development and diversified farming operations and the risk that adverse events in these areas could disproportionately affect our business; the highly competitive nature of the land development and agricultural industries and our ability to maintain market share; our reputation and any harm thereto; the risk that any transaction intended to qualify as a Section 1031 Exchange is taxable or cannot be completed on a tax-deferred basis, and potential limitations on the use of our net operating loss carryforwards and other tax attributes; the possibility that significant corporate transactions do not achieve intended results or present unforeseen risks; sensitivity of our earnings to supply, demand and pricing for land sales, leasing and development activities and any remaining agricultural products; adverse weather conditions, natural disasters and other natural conditions (including hurricanes and tropical storms), and the effects of climate change or legal, regulatory or market measures to address climate change, particularly given our geographic concentration in Florida; Environmental, Social and Governance matters, including those related to our workforce and sustainability; changes in classification or valuation methods employed by county property appraisers that could materially increase our real estate taxes; compliance with environmental laws; our ability to attract, retain and develop key employees; potential future material weaknesses and other deficiencies in our internal control over financial reporting; macroeconomic conditions, including inflation, armed conflicts and geopolitical instability, and pandemics or health crises; the increased costs of being a publicly traded company; system security risks, cybersecurity incidents, data protection breaches and systems integration issues, as well as compliance with complex and evolving privacy and data protection laws; pricing volatility and unpredictability for our agricultural products, risks of product contamination and product liability, water use regulations and other restrictions on access to water, and changes in immigration laws affecting labor availability; increases in commodity and input costs (including fuel and chemicals) and transportation risks; our significant indebtedness, our ability to generate sufficient cash flow to service our debt and comply with covenants (including exposure to variable interest rates), and our relationships with lenders; the volatility of our common stock price; our ability to continue to pay or maintain cash dividends; and other factors described under the sections "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" to be included in our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026 that will be filed with the Securities and Exchange Commission (the “SEC”) and the Company’s Annual Report on Form 10-K for the year ended September 30, 2025 filed with the SEC on November 24, 2025. Except as required by law, we do not undertake an obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release also contains financial projections that are necessarily based upon a variety of estimates and assumptions which may not be realized and are inherently subject, in addition to the risks identified in the forward-looking statement disclaimer, to business, economic, competitive, industry, regulatory, market and financial uncertainties, many of which are beyond the Company’s control. There can be no assurance that the assumptions made in preparing the financial projections will prove accurate. Accordingly, actual results may differ materially from the financial projections. Investor Contact: Non-GAAP Financial Measures In addition to the measurements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”), Alico utilizes EBITDA, Adjusted EBITDA and Net Debt, which are non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K, to evaluate the performance of its business, in the case of EBITDA and Adjusted EBITDA, and liquidity, in the case of Net Debt. Beginning with the reporting period ended December 31, 2025, we have revised the calculation of Adjusted EBITDA to better reflect the underlying performance of the business in light of the Strategic Transformation and changes to our model and operating strategy. Specifically, we now adjust for impairment of long-lived assets and restructuring and other charges, and have determined not to adjust for inventory net realizable value, gain or sale of property and equipment, or other historical adjustments. Due to significant depreciable assets associated with the nature of our operations and, to a lesser extent, interest costs associated with our capital structure, management believes that EBITDA, Adjusted EBITDA and Net Debt are important measures to evaluate our results of operations between periods on a more comparable basis and to help investors analyze underlying trends in our business, evaluate the performance, in the case of EBITDA and Adjusted EBITDA, and liquidity, in the case of Net Debt, of our business both on an absolute basis and relative to our peers and the broader market, provide useful information to both management and investors by excluding certain items that may not be indicative of our core operating results and operational strength of our business and help investors evaluate our ability to service our debt. Such measurements are not prepared in accordance with U.S. GAAP and should not be construed as an alternative to reported results determined in accordance with U.S. GAAP. The non-GAAP information provided is unique to Alico and may not be consistent with methodologies used by other companies. EBITDA is defined as net income before interest expense, provision for income taxes, depreciation, depletion and amortization. Adjusted EBITDA is defined as EBITDA as further adjusted for impairment of long-lived assets and restructuring and other charges. Net Debt is defined as Current portion of long-term debt, Long-term debt, net and Lines of credit, less cash. We are unable to provide a reconciliation of Adjusted EBITDA to net (loss) income attributable to Alico, Inc. common stockholders for the year ended September 30, 2026 as the adjustments are not within our control or cannot be reasonably predicted without unreasonable effort. EBITDA and Adjusted EBITDA Net Debt

Monster Beverage (MNST) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.70%. A quarter ago, it was expected that this energy drink maker would post earnings of $0.53 per share when it actually produced earnings of $0.58, delivering a surprise of +9.43%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Monster Beverage, which belongs to the Zacks Beverages - Soft drinks industry, posted revenues of $2.54 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.97%. This compares to year-ago revenues of $2.11 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Monster Beverage shares have added about 23.2% since the beginning of the year versus the S&P 500's gain of 12.8%. While Monster Beverage has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Monster Beverage was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.60 on $2.43 billion in revenues for the coming quarter and $2.31 on $9.52 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Beverages - Soft drinks is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Consumer Staples sector, Alico (ALCO), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This agribusiness and land management company is expected to post quarterly loss of $0.73 per share in its upcoming report, which represents a year-over-year change of +69.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Alico's revenues are expected to be $2.6 million, down 69% from the year-ago quarter. 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 Monster Beverage Corporation (MNST) : Free Stock Analysis Report Alico, Inc. (ALCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research