City Office REIT Inc expected to post a loss of 13 cents a share - Earnings Preview

City Office REIT

01/05/2024 14:44

* City Office REIT Inc  CIO.N   CIO  is expected to show a
fall in
quarterly revenue when it reports  results on May 3 for the
period ending March 31 2024
    * The Vancouver British Columbia-based  company is expected
to
report a 5.7% decrease in revenue to $43.355 million from $45.96
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for City Office REIT Inc is
for a
loss of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 $5.75​, above​ its last closing price of $4.66. ​​​

This summary was machine generated May 1 at 13:44 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)