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Gladstone Commercial Corp reports results for the quarter ended March 31 - Earnings Summary

Gladstone Commercial Corp GOOD.OQ reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 1 cents.  The mean expectation of four analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 1 cents to 5 cents per share.

Revenue rose 5% to $37.50 million from a year ago; analysts expected $37.33 million.

Gladstone Commercial Corp's reported EPS for the quarter was 4 cents​.

The company reported quarterly net income of $1.92 million.

Gladstone Commercial Corp shares had fallen by 6.0% this quarter and lost 13.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.6% 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," 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 May 7 at 09:40 p.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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20250.340.34Met
Dec. 31 20240.350.35Met
Sep. 30 20240.350.38Beat
Jun. 30 20240.330.36Beat

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