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

InvenTrust Properties

01/05/2024 24:18

* Inventrust Properties Corp  IVT.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 2 cents.  The mean expectation of three analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from -2 cents to 2 cents per share.
    * Revenue rose 2.4% to $66.80 million from a year ago;
analysts
expected $65.83 million. 
    * Inventrust Properties Corp's reported EPS for the quarter
was 4
cents​.
    * The company reported quarterly net income of $2.9 million.
    * Inventrust Properties Corp shares had fallen by 1.5% this
quarter and lost 0.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 100%
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 $29.00 
This summary was machine generated from LSEG data April 30 at
11:17 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
 Mar. 31 2024      0.00           0.04           Beat
 Dec. 31 2023      -0.01          0.04           Beat
 Sep. 30 2023      0.02           -0.01          Missed
 Jun. 30 2023      0.02           0.03           Beat