Global Net Lease Inc reports results for the quarter ended in March - Earnings Summary

Global Net Lease

10/05/2023 14:32

* Global Net Lease Inc  GNL.N  reported a quarterly adjusted
loss
of 6 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 2
cents per share.
    * Revenue fell 2.9% to $94.33 million from a year ago;
analysts
expected $94.82 million. 
    * Global Net Lease Inc's reported EPS for the quarter was a
loss
of 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Global Net Lease Inc shares had fallen by 14.2% this
quarter and
lost 12.2% so far this year.
    * The company reported a quarterly loss of $5.99 million.
    * Wall Street's median 12-month price target for Global Net
Lease
Inc is $16.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.40           0.38           Missed
 Dec. 31 2022      0.40           0.41           Beat
 Sep. 30 2022      0.43           0.40           Missed
 Jun. 30 2022      0.43           0.44           Beat