Freehold Royalties Ltd reports results for the quarter ended in June - Earnings Summary

Freehold Royalties

31/07/2023 19:46

* Freehold Royalties Ltd  FRU.TO  reported quarterly
adjusted
earnings of 16 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 19 cents per share.
    * Revenue fell 32.1% to C$73.70 million from a year ago. 
    * Freehold Royalties Ltd's reported EPS for the quarter was
16
cents​.
    * The mean earnings estimate of analysts had fallen by
about 21.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Freehold Royalties Ltd shares had risen by 5.8% this
quarter and
lost 10.2% so far this year.
    * The company reported quarterly net income of C$24.3
million.
    * Wall Street's median 12-month price target for Freehold
Royalties Ltd is C$19.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 06:46 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.37           0.35           Missed
 Mar. 31 2023      0.41           0.28           Missed
 Dec. 31 2022      0.53           0.55           Beat
 Sep. 30 2022      0.52           0.54           Beat