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

Four Corners Property Trust

02/11/2023 24:03

* Four Corners Property Trust Inc  FCPT.N  reported
quarterly
adjusted earnings of 27 cents​​ per share for the quarter ended
in September, lower than the same quarter last year, when the
company reported EPS of 30 cents.  The mean expectation of
four analysts for the quarter was for earnings of 28 cents per
share. Wall Street expected results to range from 27 cents to 29
cents per share.
    * Revenue rose 15.8% to $64.84 million from a year ago;
analysts
expected $64.20 million. 
    * Four Corners Property Trust Inc's reported EPS for the
quarter
was 27 cents​.
    * The company reported quarterly net income of $24.16
million.
    * Four Corners Property Trust Inc shares had fallen by 4.0%
this
quarter and lost 17.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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 $26.50 
This summary was machine generated from LSEG data November 2 at
12:03 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.42           0.41           Missed
 Jun. 30 2023      0.41           0.42           Beat
 Mar. 31 2023      0.41           0.41           Met
 Dec. 31 2022      0.41           0.41           Met