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

City Office REIT

01/08/2023 19:31

* City Office REIT Inc  CIO.N   CIO  is expected to show a
fall in
quarterly revenue when it reports  results on August 3. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 2.6% decrease in revenue to $44.326 million from $45.5
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 6 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 $6.5​, above​ its last closing price of $5.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.35        0.35       0.34      Missed  -3.4
 Dec. 31 2023  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.        0.37        0.37       0.40      Beat    9.1
 31 2022                                                
 Dec. 31 2021  0.31        0.31       0.34      Beat    10.9​
 Sep. 30 2021  0.36        0.35       0.31      Missed  -11.4
 Jun. 30 2021  0.32        0.32       0.33      Beat    4.8
 This summary was machine generated August 1 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated