Centerspace reports results for the quarter ended in March - Earnings Summary

Centerspace

30/04/2024 03:27

* Centerspace  CSR.N  reported a quarterly adjusted loss
of 37
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $2.76. 
The mean expectation of four analysts for the quarter was for a
loss of 28 cents per share. Wall Street expected results to
range from -30 cents to -27 cents per share.
    * Revenue fell 5% to $64.51 million from a year ago;
analysts
expected $64.38 million. 
    * Centerspace's reported EPS for the quarter was a loss
of 37
cents​.
    * The company reported a quarterly loss of $5.51 million.
    * Centerspace shares had risen by 13.0% this quarter and
gained 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for Centerspace is
$65.00 
This summary was machine generated from LSEG data April 30 at
02:27 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.13           1.23           Beat
 Dec. 31 2023      1.11           1.22           Beat
 Sep. 30 2023      1.15           1.20           Beat
 Jun. 30 2023      1.08           1.28           Beat