Farmer Bros Co reports results for the quarter ended in December - Earnings Summary

Farmer Bros Co

08/02/2024 22:49

* Farmer Bros Co  FARM.OQ  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -73 cents.  The lone analyst forecast for the quarter was
for a loss of 21 cents per share. 
    * Revenue fell 32.6% to $89.45 million from a year ago;
analysts
expected $88.50 million. 
    * Farmer Bros Co's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $2.7 million.
    * Farmer Bros Co shares had risen by 8.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Farmer Bros Co is
$6.00 
This summary was machine generated from LSEG data February 8 at
10:49 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
 Dec. 31 2023      -0.21          0.13           Beat
 Sep. 30 2023      -0.29          -0.06          Beat
 Jun. 30 2023      -0.61          -2.33          Missed
 Mar. 31 2023      -0.40          -0.57          Missed