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

Farmland Partners

26/07/2023 23:33

* Farmland Partners Inc  FPI.N  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 6 cents per share.
    * Revenue fell 6.3% to $11.58 million from a year ago;
analysts
expected $12.88 million. 
    * Farmland Partners Inc's reported EPS for the quarter was
12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 28.6%
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 7.6% this
quarter and
gained 5.5% so far this year.
    * The company reported quarterly net income of $7 million.
    * Wall Street's median 12-month price target for Farmland
Partners
Inc is $13.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.01           -0.02          Missed
 Mar. 31 2023      0.02           0.03           Beat
 Dec. 31 2022      0.19           0.18           Missed
 Sep. 30 2022      0.02           0.05           Beat