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

Farmland Partners

03/05/2023 23:35

* Farmland Partners Inc  FPI.N  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for breakeven results per share.
    * Revenue fell 8.8% to $12.67 million from a year ago;
analysts
expected $13.50 million. 
    * Farmland Partners Inc's reported EPS for the quarter was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 36%
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 fallen by 5.6% this
quarter and
lost 18.9% so far this year.
    * The company reported quarterly net income of $857
thousand.
    * Wall Street's median 12-month price target for Farmland
Partners
Inc is $12.00 
    * 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 May
3 at 10:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.01           0.02           Beat