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

Farmland Partners

24/07/2024 22:48

* Farmland Partners Inc  FPI.N  reported a quarterly
adjusted loss
of 6 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 12
cents.  The mean expectation of four analysts for the quarter
was for a loss of 4 cents per share. Wall Street expected
results to range from -5 cents to -2 cents per share.
    * Revenue fell 1.2% to $11.45 million from a year ago;
analysts
expected $11.90 million. 
    * Farmland Partners Inc's reported EPS for the quarter was a
loss
of 6 cents​.
    * The company reported a quarterly loss of $2.77 million.
    * Farmland Partners Inc shares had fallen by 0.2% this
quarter and
lost 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 500%
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 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Farmland Partners
Inc is $13.00 
This summary was machine generated from LSEG data July 24 at
09:48 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
 Jun. 30 2024      0.01           0.01           Met
 Mar. 31 2024      0.00           0.06           Beat
 Dec. 31 2023      0.17           0.16           Missed
 Sep. 30 2023      0.00           -0.01          Missed