City Office REIT Inc expected to post a loss of 4 cents a share - Earnings Preview

City Office REIT

03/05/2023 14:01

* City Office REIT Inc  CIO.N   CIO  is expected to show a
fall in
quarterly revenue when it reports  results on May 5. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 1.3% decrease in revenue to $44.255 million from
$44.85 million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for City Office REIT
Inc is
for a loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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 $10​, above​ its last closing price of $5.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.37        0.37       0.36      Missed  -3.2
 Sep. 30 2022  0.38        0.38       0.37      Missed  -2.2
 Jun. 30 2022  0.38        0.38       0.40      Beat    5.7​
 Mar. 31 2022  0.37        0.37       0.40      Beat    9.1
 ​​Dec.        0.31        0.31       0.34      Beat    10.9
 31 2021                                                
 Sep. 30 2021  0.36        0.35       0.31      Missed  -11.4​
 Jun. 30 2021  0.32        0.32       0.33      Beat    4.8
 Mar. 31 2021  0.29        0.29       0.31      Beat    6.2
 This summary was machine generated May 3 at 13:01 GMT.  All
figures in US dollars  unless otherwise stated