Farmland Partners Inc reports results for the quarter ended in June - Earnings Summary

Farmland Partners

27/07/2022 14:34

* Farmland Partners Inc  FPI.N  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was for a
loss of 2 cents per share.
    * Revenue rose 23.4% to $12.36 million from a year ago;
analysts
expected $10.77 million. 
    * Farmland Partners Inc's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had risen by
about 300%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Farmland Partners Inc shares had risen by 4.6% this
quarter and
gained 20.8% so far this year.
    * The company reported quarterly net income of $2.06
million.
    * Wall Street's median 12-month price target for Farmland
Partners
Inc is $16.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 27
at 01:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.01           0.02           Beat
 Mar. 31 2022      0.03           0.04           Beat
 Dec. 31 2021      0.17           0.24           Beat
 Sep. 30 2021      -0.04          -0.09          Missed