Easterly Government Properties Inc reports results for the quarter ended in December - Earnings Summary

Easterly Government Properties

27/02/2024 14:31

* Easterly Government Properties Inc  DEA.N  reported
quarterly
adjusted earnings of 4 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 18 cents.  The mean expectation of
two analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 6 cents to 7
cents per share.
    * Revenue fell 1.2% to $72.62 million from a year ago;
analysts
expected $73.60 million. 
    * Easterly Government Properties Inc's reported EPS for the
quarter was 4 cents​.
    * The company reported quarterly net income of $4.44
million.
    * Easterly Government Properties Inc shares had fallen
by 15.5%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 1 "strong buy" or "buy," 4
"hold" and 2 "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 Easterly
Government Properties Inc is $13.50 
This summary was machine generated from LSEG data February 27 at
02:31 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
 Dec. 31 2023      0.28           0.28           Met
 Sep. 30 2023      0.29           0.29           Met
 Jun. 30 2023      0.28           0.29           Beat
 Mar. 31 2023      0.29           0.28           Missed