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

Four Corners Property Trust

02/05/2024 08:39

* Four Corners Property Trust Inc  FCPT.N  reported
quarterly
adjusted earnings of 26 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 27 cents.  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 10.9% to $66.47 million from a year ago;
analysts
expected $64.03 million. 
    * Four Corners Property Trust Inc's reported EPS for the
quarter
was 26 cents​.
    * The company reported quarterly net income of $24.04
million.
    * Four Corners Property Trust Inc shares had fallen by 3.7%
this
quarter and lost 6.9% 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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Four
Corners
Property Trust Inc is $25.50 

This summary was machine generated from LSEG data May 2 at 07:39
a.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      0.42           0.43           Beat
 Dec. 31 2023      0.41           0.43           Beat
 Sep. 30 2023      0.42           0.42           Met
 Jun. 30 2023      0.41           0.42           Beat