Gladstone Land Corp reports results for the quarter ended December 31 - Earnings Summary

Gladstone Land

20/02/2025 05:47

* Gladstone Land Corp  LAND.OQ  reported a quarterly
adjusted loss
of 15 cents​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of -12 cents.  The mean expectation of five analysts for the
quarter was for a loss of 12 cents per share. Wall Street
expected results to range from -17 cents to -9 cents per share.
    * Revenue fell 13.7% to $21.10 million from a year ago;
analysts
expected $20.45 million. 
    * Gladstone Land Corp's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $5.46 million.
    * Gladstone Land Corp shares had risen by 6.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Gladstone Land
Corp is $14.50 
This summary was machine generated from LSEG data February 20 at
05:46 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.11           0.11           Met
 Sep. 30 2024      0.14           0.17           Beat
 Jun. 30 2024      0.12           0.14           Beat
 Mar. 31 2024      0.15           0.17           Beat