Gladstone Land Q1 2024 FFO $0.14 Misses $0.15 Estimate, Sales $20.252M Miss $22.307M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gladstone Land (NASDAQ:LAND) reported Q1 2024 FFO of $0.14 per share, missing the $0.15 estimate, and sales of $20.252M, below the $22.307M estimate. This represents a decrease in earnings and sales from the same period last year.
May 07, 2024 | 10:13 pm
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Gladstone Land's Q1 2024 FFO and sales missed estimates, with a decrease compared to last year's figures.
Missing both FFO and sales estimates indicates potential operational challenges or market conditions affecting Gladstone Land negatively. The year-on-year decrease in earnings and sales further supports a negative short-term outlook for the stock. Investors may react negatively to missed expectations and declining performance, likely leading to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100