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

Modiv Industrial

06/08/2024 14:52

* Modiv Industrial Inc  MDV.N  reported quarterly adjusted
earnings of 3 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 35 cents.  The lone analyst forecast for the quarter was
for a loss of 5 cents per share. 
    * Revenue fell 3.6% to $11.41 million from a year ago;
analysts
expected $11.77 million. 
    * Modiv Industrial Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $403.04
thousand.
    * Modiv Industrial Inc shares had risen by 4.4% this
quarter and
gained 7.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is  "buy."

Wall Street's median 12-month price target for Modiv Industrial
Inc is $18.00 
This summary was machine generated from LSEG data August 6 at
01:52 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      0.32           0.34           Beat
 Mar. 31 2024      0.31           0.29           Missed
 Dec. 31 2023      0.33           0.40           Beat
 Sep. 30 2023      0.33           0.33           Met