Innovative Industrial Properties Inc expected to post earnings of $1.31 a share - Earnings Preview

Innovative Industrial Properties

06/05/2023 03:06

* Innovative Industrial Properties Inc  IIPR.N   IIPR.K  is
expected to show a rise in quarterly revenue when it reports 
results on May 8. 
    * The Park City Utah-based  company is expected to report  a
9.5% increase in revenue to $70.647 million from $64.5 million a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Innovative
Industrial
Properties Inc is for earnings of $1.31 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Innovative
Industrial Properties Inc is $125​, above​ its last closing
price of $69.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  2.04        2.04       2.12      Beat    3.8
 Sep. 30 2022  2.05        2.04       2.13      Beat    4.2
 Jun. 30 2022  2.06        2.08       2.14      Beat    3​
 Mar. 31 2022  1.99        1.98       2.04      Beat    3.1
 ​​Dec.        1.81        1.81       1.85      Beat    2.2
 31 2021                                                
 Sep. 30 2021  1.68        1.68       1.71      Beat    1.7​
 Jun. 30 2021  1.56        1.57       1.64      Beat    4.2
 Mar. 31 2021  1.41        1.41       1.47      Beat    4.3
 This summary was machine generated May 6 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated