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

LXP Industrial Trust

02/05/2024 19:48

* LXP Industrial Trust  LXP.N  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in March, lower 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 one cent per share. Wall Street expected
results to range from -2 cents to -1 cents per share.
    * Revenue rose 0.2% to $85.21 million from a year ago;
analysts
expected $81.72 million. 
    * LXP Industrial Trust's reported EPS for the quarter was a
loss
of 1 cent​.
    * The company reported a quarterly loss of $1.93 million.
    * LXP Industrial Trust shares had fallen by 6.3% this
quarter and
lost 14.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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." 
    * 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 $10.00 
This summary was machine generated from LSEG data May 2 at 06:48
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      0.16           0.16           Met
 Dec. 31 2023      0.17           0.17           Met
 Sep. 30 2023      0.18           0.18           Met
 Jun. 30 2023      0.17           0.18           Beat