Centerspace reports results for the quarter ended in September 30 - Earnings Summary

Centerspace

29/10/2024 02:44

* Centerspace  CSR.N  reported a quarterly adjusted loss
of 40
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of four analysts for the quarter
was for a loss of 22 cents per share. Wall Street expected
results to range from -28 cents to -14 cents per share.
    * Revenue rose 0.7% to $65.03 million from a year ago;
analysts
expected $67.62 million. 
    * Centerspace's reported EPS for the quarter was a loss
of 40
cents​.
    * The company reported a quarterly loss of $6.17 million.
    * Centerspace shares had fallen by 0.2% this quarter and
gained 20.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
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 3 "strong buy" or "buy," 6
"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
$76.00 
This summary was machine generated from LSEG data October 29 at
02:44 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
 Sep. 30 2024      1.17           1.18           Beat
 Jun. 30 2024      1.21           1.27           Beat
 Mar. 31 2024      1.13           1.23           Beat
 Dec. 31 2023      1.11           1.22           Beat