Farmer Bros Co reports results for the quarter ended September 30 - Earnings Summary

Farmer Bros Co

08/11/2024 21:06

* Farmer Bros Co  FARM.OQ  reported a quarterly adjusted
loss
of 24 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -6 cents.  The mean expectation of two analysts for the
quarter was for a loss of 24 cents per share. Wall Street
expected results to range from -25 cents to -23 cents per share.
    * Revenue rose 3.9% to $85.07 million from a year ago;
analysts
expected $84.10 million. 
    * Farmer Bros Co's reported EPS for the quarter was a loss
of 24
cents​.
    * The company reported a quarterly loss of $5 million.
    * Farmer Bros Co shares had fallen by 7.6% this quarter and
lost 40.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.7%
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 2 "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
$5.25 
This summary was machine generated from LSEG data November 8 at
09:06 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      -0.24          -0.24          Met
 Jun. 30 2024      -0.27          -0.22          Beat
 Mar. 31 2024      -0.16          -0.03          Beat
 Dec. 31 2023      -0.21          0.13           Beat