* Farmland Partners Inc reported quarterly adjusted earnings of 2 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of five analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -4 cents to -3 cents per share.
* Revenue rose 14.6% to $13.32 million from a year ago; analysts expected $11.93 million.
* Farmland Partners Inc's reported EPS for the quarter was 2 cents.
* The company reported quarterly net income of $1.03 million.
* Farmland Partners Inc shares had risen by 5.3% this quarter and lost 11.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 35.9% 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 3 "strong buy" or "buy," 3 "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 Farmland Partners Inc is $12.50 This summary was machine generated from LSEG data October 31 at 03:05 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
Sep. 30 2024 0.01 0.03 Beat
Jun. 30 2024 0.01 -0.01 Missed
Mar. 31 2024 0.00 0.06 Beat
Dec. 31 2023 0.17 0.16 Missed
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