Farmer Bros Co reports results for the quarter ended September 30 - Earnings Summary

• Farmer Bros Co FARM.OQ reported a quarterly adjusted loss of 24 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of two analysts for the quarter was for a loss of 24 cents per share. Wall Street expected results to range from -25 cents to -23 cents per share.

• Revenue rose 3.9% to $85.07 million from a year ago; analysts expected $84.10 million.

• Farmer Bros Co's reported EPS for the quarter was a loss of 24 cents​.

• The company reported a quarterly loss of $5 million.

• Farmer Bros Co shares had fallen by 7.6% this quarter and lost 40.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.7% 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," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "buy"

Wall Street's median 12-month price target for Farmer Bros Co is $5.25

This summary was machine generated from LSEG data November 8 at 09:06 p.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)