Gladstone Land Q2 2024 AFFO Per Share $0.10 Misses $0.12 Estimate, Sales $21.297M Beat $20.138M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gladstone Land (NASDAQ:LAND) reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.12 by 14.17%. However, the company reported sales of $21.297 million, beating the estimate of $20.138 million by 5.75%. This represents a 0.41% increase over the same period last year.
August 08, 2024 | 8:17 pm
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Gladstone Land reported Q2 2024 earnings per share of $0.10, missing the analyst estimate of $0.12 by 14.17%. However, the company reported sales of $21.297 million, beating the estimate of $20.138 million by 5.75%.
The mixed results, with earnings missing but sales beating estimates, are likely to have a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100