Can TRC sustain its Q4 earnings growth into 2025?

**Tejon Ranch Co. (TRC) faces challenges in sustaining its Q4 earnings growth into 2025**, based on several factors:

1. **Vulnerability to Weather-Dependent Revenue Streams**: TRC's mineral resources segment experienced a 30% decline in revenue for the full year 2024, primarily due to decreased water sales. This is sensitive to weather patterns, and above-average rainfall in California can negatively impact water sales.
2. **Regulatory Challenges in California Real Estate**: The company operates in a highly regulated environment, which can introduce uncertainties and potential delays in project developments.
3. **New Leadership Transition**: Effective April 1, 2025, Matt Walker was appointed as the new CEO. While leadership changes can bring new perspectives, they also carry a risk of disruption during times of transition.
4. **Analyst Ratings and Price Targets**: Currently, there are no available data on analyst ratings or price targets for TRC, which makes it difficult to gauge market sentiment and potential growth expectations.

In conclusion, while TRC has demonstrated strong performance in Q4 2024, the company's ability to sustain this growth into 2025 is uncertain due to its vulnerability to weather-dependent revenue streams, regulatory challenges, leadership transition, and lack of analyst ratings. The company's success will likely depend on its ability to mitigate these risks and capitalize on growth opportunities in its core segments.