Gladstone Commercial Corp reports results for the quarter ended in September 30 - Earnings Summary

Gladstone Commercial

05/11/2024 07:53

* Gladstone Commercial Corp  GOOD.OQ  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of -4 cents.  The mean expectation of four analysts
for the quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -6 cents to -4 cents per share.
    * Revenue rose 7.6% to $39.24 million from a year ago;
analysts
expected $36.94 million. 
    * Gladstone Commercial Corp's reported EPS for the quarter
was 20
cents​.
    * The company reported quarterly net income of $8.47
million.
    * Gladstone Commercial Corp shares had fallen by 1.4% this
quarter and gained 20.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 16.50 
This summary was machine generated from LSEG data November 5 at
07:53 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
 Sep. 30 2024      0.35           0.38           Beat
 Jun. 30 2024      0.33           0.36           Beat
 Mar. 31 2024      0.33           0.34           Beat
 Dec. 31 2023      0.34           0.36           Beat