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

Gladstone Land

09/05/2023 24:50

* Gladstone Land Corp  LAND.OQ  reported a quarterly
adjusted loss
of 12 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for a loss of 9
cents per share.
    * Revenue rose 6.3% to $21.20 million from a year ago;
analysts
expected $21.83 million. 
    * Gladstone Land Corp's reported EPS for the quarter was a
loss
of 12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.2%
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 fallen by 4.7% this
quarter and
lost 13.6% so far this year.
    * The company reported a quarterly loss of $4.32 million.
    * Wall Street's median 12-month price target for Gladstone
Land
Corp is $22.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
8 at 11:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.14           0.14           Met