City Office REIT Inc expected to post earnings of 35 cents a share - Earnings Preview

City Office REIT

01/11/2021 16:52

* City Office REIT Inc  CIO.N   CIO  is expected to show a fall
in quarterly revenue when it reports  results on November 3. 
* The Vancouver, British Columbia-based company is expected to
report  a 1.0% decrease in revenue to $40.842 million from
$41.26 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 breakeven results per share. For the same quarter last year,
the company reported earnings of 2 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 $18.5​, about 2.5% below​ its last closing price
of $18.97. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.32        0.32       0.33      Beat    4.8
 Mar. 312021   0.29        0.29       0.31      Beat    6.2
 Dec. 312020   0.30        0.31       0.31      Met     1.1​
 Sep. 302020   0.30        0.30       0.33      Beat    10.7
 ​​Jun.        0.26        0.26       0.28      Beat    7
 302020                                                 
 Mar. 312020   0.26        0.26       0.25      Missed  -3.1​
 Dec. 312019   0.26        0.26       0.25      Missed  -2.8
 Sep. 302019   0.30        0.30       0.29      Missed  -2.9
 This summary was machine generated November 1 at 16:52 GMT.  All
figures in US dollars unless otherwise stated