Advanced Flower Capital Inc reports results for the quarter ended September 30 - Earnings Summary

Advanced Flower Capital

13/11/2024 15:23

* Advanced Flower Capital Inc  AFCG.OQ  reported quarterly
adjusted earnings of 35 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 49 cents.  The mean expectation of
six analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 31 cents to 41
cents per share.
    * Revenue fell 41.8% to $8.88 million from a year ago;
analysts
expected $12.01 million. 
    * Advanced Flower Capital Inc's reported EPS for the quarter
was 6
cents​.
    * The company reported quarterly net income of $1.38
million.
    * Advanced Flower Capital Inc shares had fallen by 7.4% this
quarter and gained 16.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 November 13 at
03:23 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.36           0.35           Missed
 Jun. 30 2024      0.52           0.56           Beat
 Mar. 31 2024      0.51           0.49           Missed
 Dec. 31 2023      0.50           0.49           Missed