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

LXP Industrial Trust

31/07/2024 14:53

* LXP Industrial Trust  LXP.N  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of three analysts for the quarter
was for a loss of 2 cents per share. Wall Street expected
results to range from -3 cents to -2 cents per share.
    * Revenue rose 0.8% to $85.79 million from a year ago;
analysts
expected $85.04 million. 
    * LXP Industrial Trust's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $3.78
million.
    * LXP Industrial Trust shares had risen by 14.7% this
quarter and
gained 5.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "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 LXP Industrial
Trust is $10.50 
This summary was machine generated from LSEG data July 31 at
01:53 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
 Jun. 30 2024      0.16           0.16           Met
 Mar. 31 2024      0.16           0.16           Met
 Dec. 31 2023      0.17           0.17           Met
 Sep. 30 2023      0.18           0.18           Met