Gladstone Commercial Corp reports results for the quarter ended in December - Earnings Summary

Gladstone Commercial

23/02/2024 03:00

* Gladstone Commercial Corp  GOOD.OQ  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -3 cents.  The mean expectation of
three analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from -1 cents to 4
cents per share.
    * Revenue fell 3.5% to $35.91 million from a year ago;
analysts
expected $36.80 million. 
    * Gladstone Commercial Corp's reported EPS for the quarter
was 3
cents​.
    * The company reported quarterly net income of $1.34
million.
    * Gladstone Commercial Corp shares had fallen by 5.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
reits
peer group is also "buy"

Wall Street's median 12-month price target for Gladstone
Commercial Corp is $14.00 
This summary was machine generated from LSEG data February 23 at
03:00 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
 Dec. 31 2023      0.34           0.36           Beat
 Sep. 30 2023      0.37           0.33           Missed
 Jun. 30 2023      0.36           0.41           Beat
 Mar. 31 2023      0.37           0.37           Met