Farmer Bros Co expected to post a loss of 16 cents a share - Earnings Preview

Farmer Bros Co

08/05/2024 01:43

* Farmer Bros Co  FARM.OQ   FARM.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Los Angeles California-based  company is expected to
report
a 28.8% decrease in revenue to $88.5 million from $124.23
million a year ago, according to the estimate from one analyst,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Farmer Bros Co is for a
loss
of 16 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Farmer Bros
Co is
$6.00​, above​ its last closing price of $3.21. ​​​

This summary was machine generated May 8 at 00:42 GMT.  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)