Farmer Bros Q1 EPS $(0.06) Beats $(0.29) Estimate, Sales $81.89M Miss $85.00M Estimate
Portfolio Pulse from totan@benzinga.com
Farmer Bros (NASDAQ:FARM) reported Q1 EPS of $(0.06), beating the analyst consensus estimate of $(0.29) by 79.31%. However, the company's quarterly sales of $81.89 million missed the analyst consensus estimate of $85.00 million by 3.66%. This represents a 32.54% decrease in sales compared to the same period last year.
November 09, 2023 | 9:37 pm
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Farmer Bros reported better than expected Q1 EPS but missed on sales. This mixed result could lead to uncertain market reactions.
Farmer Bros reported a better than expected EPS, indicating improved profitability. However, the missed sales estimate suggests lower than expected revenue, which could negatively impact the company's financial health. The mixed results could lead to an uncertain market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100