Inventrust Properties Corp reports results for the quarter ended in December - Earnings Summary

InvenTrust Properties

13/02/2024 22:42

* Inventrust Properties Corp  IVT.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported breakeven earnings per share.  The mean
expectation of three analysts for the quarter was for a loss of
one cent per share. Wall Street expected results to range from
-3 cents to 2 cents per share.
    * Revenue rose 9.2% to $64.72 million from a year ago;
analysts
expected $64.29 million. 
    * Inventrust Properties Corp's reported EPS for the quarter
was 4
cents​.
    * The company reported quarterly net income of $2.89
million.
    * Inventrust Properties Corp shares had risen by 0.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 99.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Inventrust
Properties Corp is $28.00 
This summary was machine generated from LSEG data February 13 at
10:41 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.01          0.04           Beat
 Sep. 30 2023      0.02           -0.01          Missed
 Jun. 30 2023      0.02           0.03           Beat
 Mar. 31 2023      0.01           0.02           Beat