Farmland Partners Inc reports results for the quarter ended in September 30 - Earnings Summary

Farmland Partners

31/10/2024 03:05

* Farmland Partners Inc  FPI.N  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 7 cents.  The mean expectation of five analysts
for the quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -4 cents to -3 cents per share.
    * Revenue rose 14.6% to $13.32 million from a year ago;
analysts
expected $11.93 million. 
    * Farmland Partners Inc's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $1.03
million.
    * Farmland Partners Inc shares had risen by 5.3% this
quarter and
lost 11.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35.9%
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," 3
"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 $12.50 
This summary was machine generated from LSEG data October 31 at
03:05 a.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      0.01           0.03           Beat
 Jun. 30 2024      0.01           -0.01          Missed
 Mar. 31 2024      0.00           0.06           Beat
 Dec. 31 2023      0.17           0.16           Missed