Creative Media & Community Trust Corporation reports results for the quarter ended September 30 - Earnings Summary
08/11/2024 16:22
* Creative Media & Community Trust Corporation CMCT.OQ
reported
a quarterly adjusted loss of $1.22 per share for the quarter
ended September 30, lower than the same quarter last year, when
the company reported EPS of -99 cents. The lone analyst
forecast for the quarter was for a loss of 64 cents per share.
* Revenue rose 1.8% to $28.62 million from a year ago;
analysts
expected $16.47 million.
* Creative Media & Community Trust Corporation's reported
EPS for
the quarter was a loss of $1.22.
* The company reported a quarterly loss of $34.78 million.
* Creative Media & Community Trust Corporation shares
had fallen
by 20.1% this quarter and lost 89.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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 $3.92
This summary was machine generated from LSEG data November 8 at
04:22 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
Sep. 30 2024 -0.36 -1.00 Missed
Jun. 30 2024 -0.27 -0.09 Beat
Mar. 31 2024 -0.19 -0.19 Met
Dec. 31 2023 -0.17 -0.36 Missed