Farmer Bros Q4 EPS $(0.84) Misses $(0.61) Estimate, Sales $85.50M Beat $85.20M Estimate
Portfolio Pulse from Bill Haddad
Farmer Bros (NASDAQ:FARM) reported Q4 losses of $(0.84) per share, missing the analyst consensus estimate of $(0.61) by 37.7%. This is a 300% increase in losses from the same period last year. However, the company beat the sales estimate of $85.20M with reported sales of $85.50M, a decrease of 30.48% from last year.
September 12, 2023 | 8:18 pm
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Farmer Bros reported a larger than expected Q4 loss but beat sales estimates. This mixed report may lead to uncertainty in the market.
The company reported a larger than expected loss, which is a negative signal. However, they beat sales estimates, which is a positive signal. These mixed signals may lead to uncertainty in the market, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100