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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/19/2024 | $8.50 | Buy | Canaccord Genuity |
| 4/11/2024 | $11.00 | Outperform | Oppenheimer |
| 12/5/2023 | $7.00 | Equal Weight | Barclays |
| 11/16/2023 | $12.00 | Buy | Stifel |
| 4/20/2023 | $13.50 | Buy | Canaccord Genuity |
FY2024 revenue of US$1.89 billion increased 5% year-over-year (flat in BRL terms), driven by market share gains and sales volume growth mitigating deflationary input price headwinds. FY2024 gross profit decreased -19% to $268.4 million (-23% in BRL), with gross margins compressing by -430 basis points to 14.2%, primarily due to the input price deflation and a less favorable product category sales mix. The Crop Care2 segment was a standout performer for the year, with revenue rising 24% to $150.7 million for FY2024 (+18% BRL), and gross profit of $56.1 million increasing +4% y/y (decreasing -1% in BRL), despite the challenging market environment for specialty products. Net loss for FY2024
SÃO PAULO, Brazil, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (NASDAQ:LVRO, LVROW))), the first U.S.-listed agricultural inputs retailer in Latin America, will issue its financial results for the fiscal fourth quarter 2024, after market close, on Thursday, October 31, 2024. Lavoro management will host a conference call and audio webcast the following morning at 8:30 a.m. ET (9:30 a.m. BRT) to discuss the results. Conference Call Details Title: Lavoro Fiscal Fourth Quarter 2024 Earnings Conference Call Event Date: Friday, November 1, 2024Time: 8:30 a.m. ET (9:30 a.m. BRT) Participant Numbers: 1-877-407-9716 (U.S.), 1-201-493-6779 (International) Event Link: https://ir.lavoroagro.co
3Q24 revenue grew 6% to $514.2 million. Growth was driven by continued market share gains and volume growth, which mitigated ongoing deflation in input prices throughout Brazil and Colombia.Gross profit decreased -16% to $60.2 million. Gross margins narrowed by -310 basis points to 11.7%, primarily due to the ongoing input price deflation and a less favorable sales mix resulting from a greater proportion of low margin Grain revenue.The Crop Care segment remained a strong performer, with revenue rising 30% to $22.1 million and gross profit up 14% to $9.1 million, mainly fueled by robust growth in biological products.Net loss for 3Q24 narrowed to $64.8 million from a loss of $74.3 million in t
Canaccord Genuity resumed coverage of Lavoro with a rating of Buy and set a new price target of $8.50
Oppenheimer initiated coverage of Lavoro with a rating of Outperform and set a new price target of $11.00
Barclays initiated coverage of Lavoro with a rating of Equal Weight and set a new price target of $7.00
6-K - Lavoro Ltd (0001945711) (Filer)
6-K - Lavoro Ltd (0001945711) (Filer)
20-F - Lavoro Ltd (0001945711) (Filer)
FY2024 revenue of US$1.89 billion increased 5% year-over-year (flat in BRL terms), driven by market share gains and sales volume growth mitigating deflationary input price headwinds. FY2024 gross profit decreased -19% to $268.4 million (-23% in BRL), with gross margins compressing by -430 basis points to 14.2%, primarily due to the input price deflation and a less favorable product category sales mix. The Crop Care2 segment was a standout performer for the year, with revenue rising 24% to $150.7 million for FY2024 (+18% BRL), and gross profit of $56.1 million increasing +4% y/y (decreasing -1% in BRL), despite the challenging market environment for specialty products. Net loss for FY2024
SÃO PAULO, Brazil, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (NASDAQ:LVRO, LVROW))), the first U.S.-listed agricultural inputs retailer in Latin America, will issue its financial results for the fiscal fourth quarter 2024, after market close, on Thursday, October 31, 2024. Lavoro management will host a conference call and audio webcast the following morning at 8:30 a.m. ET (9:30 a.m. BRT) to discuss the results. Conference Call Details Title: Lavoro Fiscal Fourth Quarter 2024 Earnings Conference Call Event Date: Friday, November 1, 2024Time: 8:30 a.m. ET (9:30 a.m. BRT) Participant Numbers: 1-877-407-9716 (U.S.), 1-201-493-6779 (International) Event Link: https://ir.lavoroagro.co
SÃO PAULO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Lavoro Limited (NASDAQ:LVRO), the first U.S.-listed pure-play agricultural inputs retailer in Latin America, today announced the establishment of a new R$310 million (approximately USD$55 million based on current exchange rates) credit facility with a three-year term, financed through a new Agribusiness Credit Rights Investment Fund (FIDC-Fiagro). The newly established Lavoro Agro Fundo de Investimentos nas Cadeias Produtivas Agroindustriais (FIDC-Fiagro), established under Brazilian agribusiness investment fund regulations with the purpose of investing in agribusiness receivables sold to Lavoro. The proceeds from this issuance will be used to
Canaccord Genuity analyst Austin Moeller assumes Lavoro (NASDAQ:LVRO) with a Buy rating and announces Price Target of $8.5.
Barclays analyst Benjamin Theurer maintains Lavoro (NASDAQ:LVRO) with a Equal-Weight and lowers the price target from $7 to $6.
Oppenheimer analyst Kristen Owen maintains Lavoro (NASDAQ:LVRO) with a Outperform and lowers the price target from $11 to $9.