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

Gladstone Land

21/02/2024 11:12

* Gladstone Land Corp  LAND.OQ  reported a quarterly
adjusted loss
of 12 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -14 cents.  The mean expectation of
four analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -8 cents to -5
cents per share.
    * Revenue fell 1.4% to $24.45 million from a year ago;
analysts
expected $24.22 million. 
    * Gladstone Land Corp's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $4.3 million.
    * Gladstone Land Corp shares had fallen by 6.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 4 "strong buy" or "buy," 2
"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 $18.50 
This summary was machine generated from LSEG data February 21 at
11:12 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 2023      0.19           0.17           Missed
 Sep. 30 2023      0.16                          
 Jun. 30 2023      0.13           0.12           Missed
 Mar. 31 2023      0.18           0.15           Missed