Innovative Industrial Properties Inc expected to post earnings of $1.43 a share - Earnings Preview

Innovative Industrial Properties

07/05/2024 03:04

* Innovative Industrial Properties Inc  IIPR.N   IIPR.K  is
expected to show a rise in quarterly revenue when it reports 
results on May 8 for the period ending March 31 2024
    * The Park City Utah-based  company is expected to report a
3.3% increase in revenue to $78.578 million from $76.07 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 $1.43 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 had fallen by
about 1.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Innovative
Industrial Properties Inc is $110.00​, above​ its last closing
price of $107.90. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.21        2.21       2.28      Beat    3
 Sep. 30 2023  2.17        2.19       2.29      Beat    4.7
 Jan. 1 0001   2.19        2.15       2.26      Beat    5.1​
 Jan. 1 0001   1.97        2.00       2.25      Beat    12.6
 ​​Dec.        2.04        2.04       2.12      Beat    3.8
 31 2022                                                
 Jan. 1 0001   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
 This summary was machine generated May 7 at 02:03 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)