Farmland Partners Q2FFO EPS $(0.02) Down From $0.03 YoY, Sales $11.58M Miss $12.87M Estimate
Portfolio Pulse from saritha@benzinga.com
Farmland Partners (NYSE:FPI) reported Q2 FFO EPS of $(0.02), a decrease of 166.67% YoY. The company's quarterly sales were $11.58M, missing the analyst consensus estimate of $12.87M by 9.99% and marking a 6.26% decrease from the same period last year.
July 26, 2023 | 8:39 pm
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NEGATIVE IMPACT
Farmland Partners reported a significant decrease in earnings and missed sales estimates, which could negatively impact its stock price.
Farmland Partners reported a significant decrease in earnings and missed sales estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100