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

Modiv Industrial

04/03/2024 15:20

* Modiv Industrial Inc  MDV.N  reported a quarterly adjusted
loss
of 46 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -2 cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue fell 14.5% to $12.29 million from a year ago;
analysts
expected $12.44 million. 
    * Modiv Industrial Inc's reported EPS for the quarter was a
loss
of 29 cents​.
    * The company reported a quarterly loss of $2.22 million.
    * Modiv Industrial Inc shares had risen by 11.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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." 
    * Wall Street's median 12-month price target for Modiv
Industrial
Inc is $16.50 

This summary was machine generated from LSEG data March 4 at
03:20 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      0.36           0.40           Beat
 Sep. 30 2023      0.33           0.33           Met
 Jun. 30 2023      0.31           0.31           Met
 Mar. 31 2023      0.30           0.30           Met