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

Gladstone Land

08/08/2023 24:50

* Gladstone Land Corp  LAND.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was for a
loss of 13 cents per share.
    * Revenue rose 4.5% to $21.21 million from a year ago;
analysts
expected $21.50 million. 
    * Gladstone Land Corp's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Gladstone Land Corp shares had risen by 2.2% this
quarter and
lost 9.4% so far this year.
    * The company reported quarterly net income of $1.73
million.
    * Wall Street's median 12-month price target for Gladstone
Land
Corp is $20.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 11:49 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.13           0.12           Missed
 Mar. 31 2023      0.18           0.15           Missed
 Dec. 31 2022      0.21           0.18           Missed
 Sep. 30 2022      0.17           0.19           Beat