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

InvenTrust Properties

01/11/2023 23:17

* Inventrust Properties Corp  IVT.N  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 1 cents.  The mean expectation of three analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from -1 cents to 4 cents per share.
    * Revenue rose 9% to $64.06 million from a year ago;
analysts
expected $63.59 million. 
    * Inventrust Properties Corp's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $822 thousand.
    * Inventrust Properties Corp shares had risen by 5.4% this
quarter and gained 6.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.5%
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 $27.00 
This summary was machine generated from LSEG data November 1 at
11:17 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.02           -0.01          Missed
 Jun. 30 2023      0.02           0.03           Beat
 Mar. 31 2023      0.01           0.02           Beat
 Dec. 31 2022      0.00           0.00           Met