City Office REIT Inc expected to post a loss of 6  cents a share - Earnings Preview

City Office REIT

23/02/2022 15:01

* City Office REIT Inc  CIO.N   CIO  is expected to show a
rise in
quarterly revenue when it reports  results on February 25. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 3.4% increase in revenue to $41.186 million from
$39.84 million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for City Office REIT
Inc is
for a loss of 6 cents per share. For the same quarter last year,
the company reported a loss of 3 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 $22​, about 20.1% above​ its last closing price
of $17.58. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Dec. 31 2020  0.30        0.31       0.31      Met     1.1
 ​​Sep.        0.30        0.30       0.33      Beat    10.7
 30 2020                                                
 Jun. 30 2020  0.26        0.26       0.28      Beat    7​
 Mar. 31 2020  0.26        0.26       0.25      Missed  -3.1
 Dec. 31 2019  0.26        0.26       0.25      Missed  -2.8
 This summary was machine generated February 23 at 15:00 GMT. 
All figures in US dollars  unless otherwise stated