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

Farmland Partners

25/10/2022 13:01

* Farmland Partners Inc  FPI.N  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for a loss of 2 cents per share.
    * Revenue rose 30% to $13.14 million from a year ago;
analysts
expected $11.35 million. 
    * Farmland Partners Inc's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had risen by
about 9.1%
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 6.3% this
quarter and
gained 12.7% so far this year.
    * The company reported quarterly net income of $350
thousand.
    * Wall Street's median 12-month price target for Farmland
Partners
Inc is $16.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
25 at 12:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.02           0.05           Beat
 Jun. 30 2022      0.01           0.02           Beat
 Mar. 31 2022      0.03           0.04           Beat
 Dec. 31 2021      0.17           0.24           Beat