Farmer Brothers (Nasdaq: FARM ) is expected to report Q3 earnings around May 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Farmer Brothers's revenues will grow 2.8% and EPS will turn positive
The average estimate for revenue is $124.9 million. On the bottom line, the average EPS estimate is $0.09.
Last quarter, Farmer Brothers reported revenue of $135.7 million. GAAP reported sales were 3.0% higher than the prior-year quarter's $131.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.47. GAAP EPS were -$0.47 for Q2 against -$0.27 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 37.1%, 330 basis points better than the prior-year quarter. Operating margin was 0.3%, 460 basis points better than the prior-year quarter. Net margin was -5.4%, 230 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $505.7 million. The average EPS estimate is -$0.08.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 31 members out of 43 rating the stock outperform, and 12 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Farmer Brothers a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Farmer Brothers is buy, with an average price target of $16.00.
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