Innovative Industrial Properties Inc expected to post earnings of $1.41 a share - Earnings Preview

Innovative Industrial Properties

23/02/2024 21:39

* Innovative Industrial Properties Inc  IIPR.N   IIPR.K  is
expected to show a rise in quarterly revenue when it reports 
results on February 26 for the period ending December 31 2023
    * The Park City Utah-based  company is expected to report a
8.6% increase in revenue to $76.497 million from $70.46 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Innovative Industrial
Properties Inc is for earnings of $1.41 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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 $85.00​, below​ its last closing
price of $91.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  2.17        2.19       2.29      Beat    4.7
 Jun. 30 2023  2.19        2.15       2.26      Beat    5.1
 Mar. 31 2023  1.97        2.00       2.25      Beat    12.6​
 Dec. 31 2022  2.04        2.04       2.12      Beat    3.8
 ​​Sep.        2.05        2.04       2.13      Beat    4.2
 30 2022                                                
 Jun. 30 2022  2.06        2.08       2.14      Beat    3​
 Mar. 31 2022  1.99        1.98       2.04      Beat    3.1
 Dec. 31 2021  1.81        1.81       1.85      Beat    2.2
 This summary was machine generated February 23 at 21:39 GMT. 
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)