City Office REIT Inc expected to post earnings of 32 cents a share - Earnings Preview

City Office REIT

03/08/2021 19:10

* City Office REIT Inc  CIO.N   CIO  is expected to show a fall
in quarterly revenue when it reports results on August 5. 
* The Vancouver, British Columbia-based company is expected to
report   a 1.7% decrease in revenue to $38.931 million from
$39.62 million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for City Office REIT Inc is
for a loss of 3 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 4 "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 $13.5​, about 6.4% above​ its last closing price
of $12.64. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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. 30 2020  0.30        0.30       0.33      Beat    10.7​
 Jun. 30 2020  0.26        0.26       0.28      Beat    7
 Mar.          0.26​       0.26       0.25      Missed  -3.1​
 31​ 2020​                                              
 Dec. 31 2019  0.26        0.26       0.25      Missed  -2.8​
 Sep. 30 2019  0.30        0.30       0.29      Missed  -2.9
 Jun. 30 2019  0.29        0.29       0.34      Beat    16.7
 This summary was machine generated August 3 at 18:10 GMT.  All
figures in US dollars unless otherwise stated