We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Farmer Brothers Company (FARM - Free Report) is a Zacks Rank #5 (Strong Sell) and it has F's for the Value and Growth Style Scores. That alone should give you pause, but now, this stock is the bear of the day. Let's take a look at why this stock fell to the lowest Zacks Rank.
Description
Farmer Bros. Co. is in the business of roasting, packaging and distributing coffee and allied products to restaurants, hotels, hospitals, convenience stores and fast food outlets. The company's primary raw material is green coffee. Green coffee is purchased through domestic commodity brokers. Coffee is an agricultural commodity, and is subject to fluctuations of both price and supply.
Recent Earnings
FARM recently reported earnings and missed the Zacks Consensus Estimate. I see a loss of 27 cents for the quarter when a gain of 9 cents was expected. That is a hugue miss and good for a negative 400% earnings surprise.
Estimate Revisions
That recent loss was kist the tip of the iceberg, as analysts not only cut the full year number, but also reduced expectations for next quarter to be another moneyl losing quarter.
Follow this link to see how the estimates have changed for FARM:
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Bear Of The Day: Farmer Brothers (FARM)
Farmer Brothers Company (FARM - Free Report) is a Zacks Rank #5 (Strong Sell) and it has F's for the Value and Growth Style Scores. That alone should give you pause, but now, this stock is the bear of the day. Let's take a look at why this stock fell to the lowest Zacks Rank.
Description
Farmer Bros. Co. is in the business of roasting, packaging and distributing coffee and allied products to restaurants, hotels, hospitals, convenience stores and fast food outlets. The company's primary raw material is green coffee. Green coffee is purchased through domestic commodity brokers. Coffee is an agricultural commodity, and is subject to fluctuations of both price and supply.
Recent Earnings
FARM recently reported earnings and missed the Zacks Consensus Estimate. I see a loss of 27 cents for the quarter when a gain of 9 cents was expected. That is a hugue miss and good for a negative 400% earnings surprise.
Estimate Revisions
That recent loss was kist the tip of the iceberg, as analysts not only cut the full year number, but also reduced expectations for next quarter to be another moneyl losing quarter.
Follow this link to see how the estimates have changed for FARM:
https://www.zacks.com/stock/quote/FARM/detailed-estimates
Chart
Farmer Brothers Company Price and Consensus
Farmer Brothers Company price-consensus-chart | Farmer Brothers Company Quote
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>