Gladstone Land Corp expected to post a loss of 6 cents a share - Earnings Preview

Gladstone Land

16/02/2024 21:07

* Gladstone Land Corp  LAND.OQ   LAND.O  is expected to show
a
fall in quarterly revenue when it reports  results on February
20 for the period ending December 31 2023
    * The Mclean Virginia-based  company is expected to report a
2.3% decrease in revenue to $24.216 million from $24.79 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (SAL is on Rental/Lease revenue basis)
    * ​LSEG's mean analyst estimate for Gladstone Land Corp is
for a
loss of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 $18.50​, above​ its last closing price of $13.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023              0.16                         
 Jun. 30 2023  0.12        0.13       0.12      Missed  -5.4
 Mar. 31 2023  0.18        0.18       0.15      Missed  -16.4​
 Dec. 31 2022  0.21        0.21       0.18      Missed  -11.2
 ​​Sep.        0.17        0.17       0.19      Beat    7.8
 30 2022                                                
 Jun. 30 2022  0.14        0.14       0.14      Met     1.7​
 Mar. 31 2022  0.18        0.18       0.19      Beat    7.3
 Dec. 31 2021  0.19        0.18       0.21      Beat    15.1
 This summary was machine generated February 16 at 21:07 GMT. 
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)