Gladstone Land Corp expected to post a loss of 9 cents a share - Earnings Preview

Gladstone Land

06/05/2023 01:37

* Gladstone Land Corp  LAND.OQ   LAND.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 8. 
    * The Mclean Virginia-based  company is expected to report 
a
9.5% increase in revenue to $21.833 million from $19.94 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 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $22​, above​ its last closing price of $15.86. ​​​

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 2022  0.21        0.21       0.18      Missed  -11.2
 Sep. 30 2022  0.17        0.17       0.19      Beat    7.8
 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.        0.19        0.18       0.21      Beat    15.1
 31 2021                                                
 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
 This summary was machine generated May 6 at 00:37 GMT.  All
figures in US dollars  unless otherwise stated