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

Gladstone Commercial

07/08/2024 06:31

* Gladstone Commercial Corp  GOOD.OQ  reported a quarterly
adjusted loss of 4 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -19 cents.  The mean expectation of two analysts
for the quarter was for earnings of one cent per share. Wall
Street expected results to range from zero cents to 1 cents per
share.
    * Revenue fell 4.1% to $37.06 million from a year ago;
analysts
expected $35.81 million. 
    * Gladstone Commercial Corp's reported EPS for the quarter
was a
loss of 4 cents​.
    * The company reported a quarterly loss of $1.63 million.
    * Gladstone Commercial Corp shares had risen by 0.6% this
quarter and gained 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.1%
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 2 "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 $15.25 
This summary was machine generated from LSEG data August 7 at
05:31 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
 Jun. 30 2024      0.33           0.36           Beat
 Mar. 31 2024      0.33           0.34           Beat
 Dec. 31 2023      0.34           0.36           Beat
 Sep. 30 2023      0.37           0.33           Missed