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MDV — Modiv Industrial News Story

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Modiv Industrial Inc reports results for the quarter ended December 31 - Earnings Summary

Modiv Industrial Inc MDV.N reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -46 cents.  The lone analyst forecast for the quarter was for a loss of 7 cents per share.

Revenue fell 4.5% to $11.73 million from a year ago; analysts expected $11.39 million.

Modiv Industrial Inc's reported EPS for the quarter was 7 cents​.

The company reported quarterly net income of $633 thousand.

Modiv Industrial Inc shares had risen by 4.5% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.6% 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 "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

The average consensus recommendation for the commercial reits peer group is also "strong buy"

Wall Street's median 12-month price target for Modiv Industrial Inc is $18.00

This summary was machine generated from LSEG data March 4 at 03:18 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Dec. 31 20240.310.37Beat
Sep. 30 20240.340.34Met
Jun. 30 20240.320.34Beat
Mar. 31 20240.310.29Missed

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