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

Gladstone Land

04/11/2023 03:02

* Gladstone Land Corp  LAND.OQ   LAND.O  is expected to show
a
fall in quarterly revenue when it reports  results 
    * The Mclean Virginia-based  company is expected to report 
a
9.1% decrease in revenue to $22.011 million from $24.21 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG 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 4 "strong buy" or "buy," 1
"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 $20​, above​ its last closing price of $14.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.17        0.17       0.19      Beat    7.8
 ​​Jun.        0.14        0.14       0.14      Met     1.7
 30 2022                                                
 Mar. 31 2022  0.18        0.18       0.19      Beat    7.3​
 Dec. 31 2021  0.19        0.18       0.21      Beat    15.1
 Sep. 30 2021  0.16        0.15       0.17      Beat    10.2
 This summary was machine generated November 4 at 03:01 GMT.  All
figures in US dollars  unless otherwise stated