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

Modiv Industrial

02/05/2024 20:46

* Modiv Industrial Inc  MDV.N  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -62 cents.  The lone analyst forecast for the
quarter was for earnings of 3 cents per share. 
    * Revenue rose 15.4% to $11.90 million from a year ago;
analysts
expected $12.15 million. 
    * Modiv Industrial Inc's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of $2.8 million.
    * Modiv Industrial Inc shares had fallen by 11.3% this
quarter and
gained 8.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.9%
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." 
    * Wall Street's median 12-month price target for Modiv
Industrial
Inc is $18.00 

This summary was machine generated from LSEG data May 2 at 07:45
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      0.31           0.29           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