Farmland Partners Q4 2023 FFO $0.16 Misses $0.17 Estimate, Sales $21.59M Miss $22.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmland Partners (NYSE:FPI) reported Q4 2023 FFO of $0.16 per share, missing the $0.17 estimate, and sales of $21.59M, below the $22.29M estimate. This represents a 1.06% decrease in sales compared to the same period last year.
February 28, 2024 | 10:27 pm
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NEGATIVE IMPACT
Farmland Partners reported lower than expected Q4 2023 FFO and sales, missing both earnings and sales estimates.
Missing both FFO and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported decrease in sales compared to the same period last year further supports the likelihood of a negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100