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

City Office REIT

03/05/2022 19:32

* City Office REIT Inc  CIO.N   CIO  is expected to show a
rise in
quarterly revenue when it reports  results on May 5. 
    * The Vancouver British Columbia-based  company is expected
to
report  a 9.3% increase in revenue to $43.186 million from
$39.52 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 earnings of 6 cents per share. For the same quarter last
year, the company reported earnings of $1.07 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 $19.5​, above​ its last closing price of $14.52. ​​​
    * 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 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​
 Mar. 31 2021  0.29        0.29       0.31      Beat    6.2
 ​​Dec.        0.30        0.31       0.31      Met     1.1
 31 2020                                                
 Sep. 30 2020  0.30        0.30       0.33      Beat    10.7​
 Jun. 30 2020  0.26        0.26       0.28      Beat    7
 Mar. 31 2020  0.26        0.26       0.25      Missed  -3.1
 This summary was machine generated May 3 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated