Advanced Flower Capital Inc reports results for the quarter ended September 30 - Earnings Summary

• Advanced Flower Capital Inc AFCG.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of six analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 31 cents to 41 cents per share.

• Revenue fell 41.8% to $8.88 million from a year ago; analysts expected $12.01 million.

• Advanced Flower Capital Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $1.38 million.

• Advanced Flower Capital Inc shares had fallen by 7.4% this quarter and gained 16.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.1% 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 Advanced Flower Capital Inc is $13.00

This summary was machine generated from LSEG data November 13 at 03:23 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)