CTO Realty Growth Inc reports results for the quarter ended in September 30 - Earnings Summary

CTO Realty Growth

27/10/2024 15:48

* CTO Realty Growth Inc  CTO.N  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 7 cents.  The mean expectation of four analysts
for the quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -9 cents to 5 cents per share.
    * Revenue rose 11.7% to $31.81 million from a year ago;
analysts
expected $30.31 million. 
    * CTO Realty Growth Inc's reported EPS for the quarter was
17
cents​.
    * The company reported quarterly net income of $4.35
million.
    * CTO Realty Growth Inc shares had risen by 3.7% this
quarter and
gained 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for CTO Realty Growth
Inc is $22.00 
This summary was machine generated from LSEG data October 27 at
03:48 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
 Jun. 30 2024      0.39           0.50           Beat
 Jun. 30 2024      0.39           0.45           Beat
 Mar. 31 2024      0.39           0.48           Beat
 Dec. 31 2023      0.34           0.48           Beat