LXP Industrial Trust reports results for the quarter ended in December - Earnings Summary

LXP Industrial Trust

15/02/2024 14:33

* LXP Industrial Trust  LXP.N  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
three analysts for the quarter was for breakeven results per
share. 
    * Revenue rose 3.3% to $81.89 million from a year ago;
analysts
expected $83.83 million. 
    * LXP Industrial Trust's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $12.99
million.
    * LXP Industrial Trust shares had fallen by 11.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for LXP
Industrial
Trust is $10.00 

This summary was machine generated from LSEG data February 15 at
02:32 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      0.17           0.17           Met
 Sep. 30 2023      0.18           0.18           Met
 Jun. 30 2023      0.17           0.18           Beat
 Mar. 31 2023      0.17           0.17           Met