Farmer Brothers Company (NASDAQ:FARM) is reporting fourth quarter financial results on Thursday 10th September 2020, after market close.
According to analysts surveyed by Thomson Reuters, FARM is expected to report 4Q20 loss of $ 0.39 per share from revenue of $ 89.65 million.
For the full year, analysts anticipate top line of $ 509.87 million, while looking forward to loss of $ 1.99 per share bottom line.
Previous Quarter Performance
Farmer Brothers Company outlined loss for the third quarter of $ 0.18 per share, from the revenue of $ 129.14 million. According to street consensus, FARM was expected to report 3Q20 loss of $ 0.21 per share from revenue of $ 139.29 million. The bottom line results beat street analysts by $ 0.03 or 14.29 percent, at the same time, top line results fell short of analysts by $ 10.15 million or 7.29 percent.
Stock Performance
Shares of Farmer Brothers Company traded low $ -0.56 or -8.65 percent on Wednesday, reaching $ 5.93 with volume of 84.80 thousand shares. The stock opened positive for the day at $ 6.55, after closing the previous day trading at $ 6.49.
According to the previous trading day, closing price of $ 6.49, representing a 38.09 % increase from the 52 week low of $ 4.70 and a 62.66 % decrease over the 52 week high of $ 17.38.
The company has a market capital of $ 102.77 million and is part of the Consumer Defensive sector and Packaged Foods industry.
Conference Call
Farmer Brothers Company will be hosting a conference call at 5:00 PM eastern time on 10th September 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.farmerbros.com
Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States.
