How did LAND's Q4 earnings surprise investors?

Gladstone Land Corporation (LAND) experienced a notable decline in its fourth-quarter (Q4) 2024 earnings, which significantly underperformed investor expectations. Here are the key details: 1. **Earnings Per Share (EPS)**: - The estimated EPS for Q4 2024 was -$0.11. - However, the actual EPS was -$0.15, indicating a more substantial loss than anticipated. 2. **Revenue**: - The estimated revenue for the quarter was $20.94 million. - Astonishingly, Gladstone Land Corporation reported actual revenue of $21.1 million, surpassing expectations. This indicates that while the company performed better than expected in terms of revenue, the negative EPS casts a shadow over the positive revenue surprise. Investors were likely disappointed by the negative EPS, despite the company exceeding revenue expectations. This mixed performance could lead to concerns about the company's operational efficiency and profitability.