• Gladstone Land Corp LAND.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of four analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -22 cents to 23 cents per share.

• Revenue fell 17% to $16.80 million from a year ago; analysts expected $16.47 million.

• Gladstone Land Corp's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $9.11 million.

• Gladstone Land Corp shares had fallen by 8.6% this quarter and lost 11.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Gladstone Land Corp is $12.00

This summary was machine generated from LSEG data May 12 at 09:57 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)