Farmer Bros (NASDAQ:FARM) reported its Q1 earnings results on Thursday, November 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Farmer Bros beat estimated earnings by 79.31%, reporting an EPS of $-0.06 versus an estimate of $-0.29.
Revenue was down $39.49 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.23 which was followed by a 18.68% increase in the share price the next day.
Here’s a look at Farmer Bros’s past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.61 | -0.40 | -0.56 | -0.33 |
| EPS Actual | -0.84 | -0.57 | -0.73 | -0.39 |
| Revenue Estimate | 85.20M | 134.00M | 130.80M | 118.80M |
| Revenue Actual | 85.50M | 124.23M | 132.69M | 121.38M |
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.
