Farmer Bros Q2 2024 GAAP EPS $0.13, Sales $89.45M Beat $88.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmer Bros (NASDAQ:FARM) reported Q2 2024 earnings of $0.13 per share with sales of $89.45M, surpassing the $88.50M estimate. This represents a 32.59% decrease in sales compared to the same period last year.
February 08, 2024 | 9:35 pm
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NEUTRAL IMPACT
Farmer Bros reported a Q2 2024 EPS of $0.13 and sales of $89.45M, beating estimates but showing a significant year-over-year decrease.
While Farmer Bros beat the sales estimate for Q2 2024, the significant decrease in sales compared to the previous year could concern investors. The positive earnings report may offset some concerns, but the year-over-year decline is significant. The neutral score reflects the mixed impact of beating estimates but showing decreased sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100