City Office REIT Inc expected to post a loss of 12 cents a share - Earnings Preview

City Office REIT

29/10/2024 13:53

* City Office REIT Inc  CIO.N   CIO  is expected to show a
fall in
quarterly revenue when it reports  results on October 31 for the
period ending September 30 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 4.7% decrease in revenue to $42.138 million from $44.21
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for City Office REIT Inc is
for a
loss of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for City Office
REIT
Inc is $6.50​, above​ its last closing price of $5.49. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.30        0.31       0.28      Missed  -8.5
 Mar. 31 2024  0.31        0.31       0.33      Beat    7.8
 Dec. 31 2023  0.33        0.32       0.33      Beat    2.3​
 Sep. 30 2023  0.31        0.32       0.34      Beat    6.9
 ​​Jun.        0.33        0.34       0.35      Beat    4
 30 2023                                                
 Jan. 1 0001   0.35        0.35       0.37      Beat    5.2​
 Dec. 31 2022  0.37        0.37       0.36      Missed  -3.2
 Sep. 30 2022  0.38        0.38       0.37      Missed  -2.2
 This summary was machine generated October 29 at 13:53 GMT.  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)