Gladstone Land Corp expected to post a loss of 5  cents a share - Earnings Preview

Gladstone Land

07/05/2022 03:05

* Gladstone Land Corp  LAND.OQ   LAND.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 10. 
    * The Mc Lean Virginia-based  company is expected to report 
a
29.1% increase in revenue to $20.694 million from $16.03 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Gladstone Land Corp
is
for a loss of 5 cents per share. For the same quarter last year,
the company reported a loss of 8 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Gladstone
Land
Corp is $32​, below​ its last closing price of $34.20. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.19        0.18       0.21      Beat    15.1
 Sep. 30 2021  0.16        0.15       0.17      Beat    10.2
 Jun. 30 2021  0.13        0.14       0.13      Missed  -7.1​
 Mar. 31 2021  0.16        0.15       0.17      Beat    14.9
 ​​Dec.        0.15        0.16       0.16      Met     0.2
 31 2020                                                
 Sep. 30 2020  0.14        0.14       0.15      Beat    4.9​
 Jun. 30 2020  0.12        0.13       0.11      Missed  -13.2
 Mar. 31 2020  0.21        0.21       0.24      Beat    17.1
 This summary was machine generated May 7 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated