Innovative Industrial Properties Inc expected to post earnings of $1.36 a share - Earnings Preview

Innovative Industrial Properties

29/07/2022 13:18

* Innovative Industrial Properties Inc  IIPR.N   IIPR.K  is
expected to show a rise in quarterly revenue when it reports 
results on August 2 (estimated). 
    * The Park City Utah-based  company is expected to report  a
41.2% increase in revenue to $69.023 million from $48.87 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Innovative
Industrial
Properties Inc is for earnings of $1.36 per share. For the same
quarter last year, the company reported earnings of $1.17 per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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 $175​, above​ its last closing
price of $94.41. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  1.99        1.98       2.04      Beat    3.1
 Dec. 31 2022  1.81        1.81       1.85      Beat    2.2
 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.        1.41        1.41       1.47      Beat    4.3
 31 2021                                                
 Dec. 31 2020  1.49        1.51       1.29      Missed  -14.4​
 Sep. 30 2020  1.22        1.22       1.28      Beat    4.6
 Jun. 30 2020  1.16        1.14       1.19      Beat    4.2
 This summary was machine generated July 29 at 12:18 GMT.  All
figures in US dollars  unless otherwise stated