Four Corners Property Trust Inc reports results for the quarter ended in December - Earnings Summary

Four Corners Property Trust

14/02/2024 23:26

* Four Corners Property Trust Inc  FCPT.N  reported
quarterly
adjusted earnings of 27 cents​​ per share for the quarter ended
in December, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for earnings of
27 cents per share. Wall Street expected results to range from
25 cents to 29 cents per share.
    * Revenue rose 13.6% to $65.14 million from a year ago;
analysts
expected $63.72 million. 
    * Four Corners Property Trust Inc's reported EPS for the
quarter
was 27 cents​.
    * The company reported quarterly net income of $24.43
million.
    * Four Corners Property Trust Inc shares had fallen by 9.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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 Four Corners
Property Trust Inc is $26.00 
This summary was machine generated from LSEG data February 14 at
11:26 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      0.41           0.43           Beat
 Sep. 30 2023      0.42           0.42           Met
 Jun. 30 2023      0.41           0.42           Beat
 Mar. 31 2023      0.41           0.41           Met