Advertisement
U.S. markets open in 8 hours 10 minutes
  • S&P Futures

    4,987.00
    -4.50 (-0.09%)
     
  • Dow Futures

    38,608.00
    -34.00 (-0.09%)
     
  • Nasdaq Futures

    17,568.00
    -39.25 (-0.22%)
     
  • Russell 2000 Futures

    2,011.70
    +1.50 (+0.07%)
     
  • Crude Oil

    78.27
    +0.09 (+0.12%)
     
  • Gold

    2,041.40
    +1.60 (+0.08%)
     
  • Silver

    23.18
    +0.05 (+0.21%)
     
  • EUR/USD

    1.0815
    +0.0004 (+0.03%)
     
  • 10-Yr Bond

    4.2750
    0.0000 (0.00%)
     
  • Vix

    15.42
    +0.71 (+4.83%)
     
  • GBP/USD

    1.2630
    +0.0005 (+0.04%)
     
  • USD/JPY

    149.9870
    +0.0610 (+0.04%)
     
  • Bitcoin USD

    51,859.95
    -137.77 (-0.26%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,719.21
    -9.29 (-0.12%)
     
  • Nikkei 225

    38,262.16
    -101.45 (-0.26%)
     

Compared to Estimates, Farmland Partners (FPI) Q2 Earnings: A Look at Key Metrics

Farmland Partners (FPI) reported $11.58 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 6.3%. EPS of -$0.02 for the same period compares to $0.04 a year ago.

The reported revenue represents a surprise of -3.64% over the Zacks Consensus Estimate of $12.02 million. With the consensus EPS estimate being $0.01, the EPS surprise was -300.00%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Farmland Partners performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Operating Revenues- Rental income: $9.39 million compared to the $9.60 million average estimate based on two analysts. The reported number represents a change of +2.1% year over year.

  • Operating Revenues- Other income: $0.85 million versus $1.57 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -29.4% change.

  • Operating Revenues- Crop sales: $0.52 million compared to the $0.79 million average estimate based on two analysts. The reported number represents a change of -55.2% year over year.

  • Operating Revenues- Tenant reimbursements: $0.83 million versus $0.82 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.

  • Net Earnings Per Share (Diluted): $0.12 versus the two-analyst average estimate of $0.08.

View all Key Company Metrics for Farmland Partners here>>>

Shares of Farmland Partners have returned +7.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Farmland Partners Inc. (FPI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Advertisement