Farmer Brothers Company (NASDAQ:FARM) is reporting first quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, FARM is expected to report 1Q21 loss of $ 0.15 per share from revenue of $ 99.92 million.
For the full year, analysts anticipate top line of $ 466.63 million, while looking forward to loss of $ 0.43 per share bottom line.
Previous Quarter Performance
Farmer Brothers Company unveiled loss for the fourth quarter of $ 0.57 per share, from the revenue of $ 81.08 million. The quarterly revenues down 42.92 percent compared with the same quarter last year. Street analysts expected Farmer Brothers Company to report loss of $ 0.39 per share on revenue of $ 89.65 million for the fourth quarter. The bottom line results missed street analysts by $ 0.18 or 46.15 percent, at the same time, top line results fell short of analysts by $ 8.57 million or 9.56 percent.
Stock Performance
Shares of Farmer Brothers Company traded low $ -0.20 or -4.89 percent on Wednesday, reaching $ 3.89 with volume of 47.10 thousand shares. Farmer Brothers Company has traded high as $ 4.06 and has cracked $ 3.81 on the downward trend
The closing price of $ 3.89, representing a 20.29 % increase from the 52 week low of $ 3.40 and a 76.47 % decrease over the 52 week high of $ 17.38.
The company has a market capital of $ 68.23 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 5th November 2020, to discuss its 1Q21 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.
