Farmland Partners Q2 2024 AFFO $0.01, Inline, Sales $11.445M Miss $11.895M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmland Partners (NYSE:FPI) reported Q2 2024 earnings per share of $0.01, meeting analyst expectations. However, the company's sales of $11.445 million missed the $11.895 million estimate by 3.78%, and decreased by 1.20% compared to the same period last year.
July 24, 2024 | 8:13 pm
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Farmland Partners reported Q2 2024 earnings per share of $0.01, meeting expectations. However, sales of $11.445 million missed the $11.895 million estimate by 3.78% and decreased by 1.20% YoY.
While the earnings per share met expectations, the miss on sales and the year-over-year decrease in revenue are likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100