Creative Media & Community Trust Corporation reports results for the quarter ended in March - Earnings Summary
15/05/2024 23:31
* Creative Media & Community Trust Corporation CMCT.OQ
reported
a quarterly adjusted loss of 54 cents per share for the
quarter ended in March, higher than the same quarter last year,
when the company reported EPS of -61 cents. The mean
expectation of two analysts for the quarter was for a loss of 50
cents per share. Wall Street expected results to range from -59
cents to -41 cents per share.
* Revenue rose 17.6% to $34.00 million from a year ago;
analysts
expected $24.54 million.
* Creative Media & Community Trust Corporation's reported
EPS for
the quarter was a loss of 54 cents.
* The company reported a quarterly loss of $12.3 million.
* Creative Media & Community Trust Corporation shares
had fallen
by 29.1% this quarter and lost 18.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 216.7% in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the commercial
reits
peer group is also "hold"
Wall Street's median 12-month price target for Creative Media &
Community Trust Corporation is $5.00
This summary was machine generated from LSEG data May 15 at
10:30 p.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.19 -0.19 Met
Dec. 31 2023 -0.17 -0.37 Missed
Sep. 30 2023 0.02 -0.31 Missed
Jun. 30 2023 0.02 -0.17 Missed