Village Farms International Inc reports results for the quarter ended June 30 - Earnings Summary

• Village Farms International Inc VFF.OQ reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -21 cents. The mean expectation of three analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -8 cents to -1 cents per share.

• Revenue fell 35% to $59.90 million from a year ago; analysts expected $61.24 million.

• Village Farms International Inc's reported EPS for the quarter was 24 cents​.

• The company reported quarterly net income of $26.5 million.

• Village Farms International Inc shares had risen by 56.4% this quarter and gained 123.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the fishing & farming peer group is also "buy"

• Wall Street's median 12-month price target for Village Farms International Inc is $2.50, about 31.2% above its last closing price of $1.72

This summary was machine generated from LSEG data August 11 at 12:01 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)