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

Farmer Bros Co

12/09/2023 22:43

* Farmer Bros Co  FARM.OQ  reported a quarterly adjusted
loss of
$2.33​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 61 cents per
share.
    * Revenue fell 0.3% to $122.64 million from a year ago;
analysts
expected $85.20 million. 
    * Farmer Bros Co's reported EPS for the quarter was a loss
of
$2.33​.
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Farmer Bros Co shares had fallen by 29.6% this quarter and
lost 57.7% so far this year.
    * The company reported a quarterly loss of $46.78 million.
    * Wall Street's median 12-month price target for Farmer Bros
Co is
$6.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
September 12 at 09:42 p.m. UTC. ​All figures in US dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.61          -2.33          Missed
 Mar. 31 2023      -0.40          -0.57          Missed
 Dec. 31 2022      -0.56          -0.73          Missed
 Sep. 30 2022      -0.36          -0.39          Missed