Farmer Bros: Q3 Earnings Insights

Farmer Bros FARM reported its Q3 earnings results on Wednesday, May 10, 2023 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Farmer Bros missed estimated earnings by 42.5%, reporting an EPS of $-0.57 versus an estimate of $-0.4.

Revenue was up $4.84 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.17 which was followed by a 11.29% drop in the share price the next day.

Here's a look at Farmer Bros's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.56 -0.33 -0.33 -0.28
EPS Actual -0.73 -0.39 -0.21 -0.23
Revenue Estimate 130.80M 118.80M 110.90M 116.00M
Revenue Actual 132.69M 121.38M 122.99M 119.40M

To track all earnings releases for Farmer Bros visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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