Global Medical REIT Inc reports results for the quarter ended in September 30 - Earnings Summary

Chiron Real Estate

07/11/2024 14:29

* Global Medical REIT Inc  GMRE.N  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 5 cents.  The mean expectation of four analysts
for the quarter was for earnings of 2 cents per share. Wall
Street expected results to range from 1 cents to 3 cents per
share.
    * Revenue fell 3.5% to $34.26 million from a year ago;
analysts
expected $34.64 million. 
    * Global Medical REIT Inc's reported EPS for the quarter was
3
cents​.
    * The company reported quarterly net income of $1.79
million.
    * Global Medical REIT Inc shares had fallen by 6.7% this
quarter and lost 16.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Global Medical
REIT Inc is 10.50 
This summary was machine generated from LSEG data November 7 at
02:29 p.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      0.20           0.19           Missed
 Jun. 30 2024      0.20           0.20           Met
 Mar. 31 2024      0.21           0.21           Met
 Dec. 31 2023      0.22           0.19           Missed