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AFCG — Advanced Flower Capital News Story

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Advanced Flower Capital Inc reports results for the quarter ended December 31 - Earnings Summary

Advanced Flower Capital Inc AFCG.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 49 cents.  The mean expectation of seven analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 33 cents to 43 cents per share.

Revenue fell 52.2% to $7.64 million from a year ago; analysts expected $11.48 million.

Advanced Flower Capital Inc's reported EPS for the quarter was a loss of 5 cents​.

The company reported a quarterly loss of $991 thousand.

Advanced Flower Capital Inc shares had risen by 1.9% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the specialized reits peer group is also "buy"

Wall Street's median 12-month price target for Advanced Flower Capital Inc is $13.00

This summary was machine generated from LSEG data March 13 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Dec. 31 20240.360.29Missed
Sep. 30 20240.360.35Missed
Jun. 30 20240.520.56Beat
Mar. 31 20240.510.49Missed

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