Gladstone Land Q3 Diluted AFFO per share $0.15 Down From $0.21 YoY, Sales $23.53M Beat $22.01M Estimate
Portfolio Pulse from bharat@benzinga.com
Gladstone Land (NASDAQ:LAND) reported Q3 earnings of $0.15 per share, a 28.57% decrease YoY. Quarterly sales were $23.53 million, beating the analyst consensus estimate of $22.01 million by 6.92%, but a 2.79% decrease YoY.
November 07, 2023 | 9:54 pm
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Gladstone Land's Q3 earnings per share decreased by 28.57% YoY, while sales beat estimates but decreased by 2.79% YoY.
Gladstone Land's earnings per share decreased significantly YoY, indicating a potential decrease in profitability. Although sales beat estimates, they also decreased YoY, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100