Innovative Industrial Properties Inc expected to post earnings of $1.45 a share - Earnings Preview

Innovative Industrial Properties

04/11/2024 21:15

* Innovative Industrial Properties Inc  IIPR.N   IIPR.K  is
expected to show a fall in quarterly revenue when it reports 
results on November 6 for the period ending September 30 2024
    * The Park City Utah-based  company is expected to report a
0.6% decrease in revenue to $77.383 million from $77.83 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Innovative Industrial
Properties Inc is for earnings of $1.45 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 $125.00​, below​ its last closing
price of $127.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.25        2.22       2.29      Beat    3.3
 Mar. 31 2024  2.15        2.16       2.21      Beat    2.1
 Dec. 31 2023  2.21        2.21       2.28      Beat    3​
 Jan. 1 0001   2.17        2.19       2.29      Beat    4.7
 ​​Jan.                    2.15       2.26      Beat    12.6
 1 0001                                                 
 Mar. 31 2023              2.00       2.25      Beat    12.6​
 Dec. 31 2022  2.04        2.04       2.12      Beat    3.8
 Sep. 30 2022  2.05        2.04       2.13      Beat    4.2
 This summary was machine generated November 4 at 21:14 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)