S&W Seed (SANW) Tops Q3 EPS by 2c, Revenues Beat; Offers FY21 Revenues Outlook

S&W Seed (NASDAQ: SANW) reported Q3 EPS of ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $32.38 million versus the consensus estimate of $28 million.

"We experienced continued strong Core Revenue growth in the third quarter lead by organic growth and the recognition of a full quarter's results from our Australian-based Pasture Genetics acquisition," commented Mark Wong, President & CEO of S&W Seed Company. "As we enter our seasonally busy fourth quarter, we believe we are well-positioned to continue our momentum with the commercial launch of our first ever company-developed trait technology product, a non-GMO herbicide tolerant sorghum solution -- Double Team – which has now been commercially launched. With strong tailwinds expected from agricultural commodity prices that are near multi-year highs helping to drive farmer profitability, we are enthusiastic about the market opportunity for the remainder of this fiscal year and into fiscal 2022."

GUIDANCE:

S&W Seed sees FY2021 revenue of $92.5-95.5 million, versus the consensus of $92.9 million.

For earnings history and earnings-related data on S&W Seed (SANW) click here.

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
• Edwards Lifesciences (EW) Tops Q1 EPS by 2c; offers guidance