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

Farmer Bros Co

10/05/2023 14:32

* Farmer Bros Co  FARM.OQ  reported a quarterly adjusted
loss
of 57 cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for a loss of 40 cents per
share.
    * Revenue rose 4.1% to $124.23 million from a year ago;
analysts
expected $134.00 million. 
    * Farmer Bros Co's reported EPS for the quarter was a loss
of 57
cents​.
    * The mean earnings estimate of analysts had risen by
about 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 31.3% this quarter and
lost 42.5% so far this year.
    * The company reported a quarterly loss of $11.42 million.
    * Wall Street's median 12-month price target for Farmer Bros
Co is
$10.00 
    * 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 May
10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.33          -0.21          Beat