Office Properties Income Trust reports results for the quarter ended in June - Earnings Summary

Office Properties Income Trust

01/08/2024 02:37

* Office Properties Income Trust  OPI.OQ  reported quarterly
adjusted earnings of $1.56​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -25 cents.  The lone analyst forecast for the
quarter was for a loss of 42 cents per share. 
    * Revenue fell 7.7% to $123.69 million from a year ago;
analysts
expected $123.60 million. 
    * The company reported quarterly net income of $76.17
million.
    * Office Properties Income Trust shares had risen by 21.6%
this
quarter and lost 66.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.7%
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 1 "strong buy" or "buy," no
"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 Office Properties
Income Trust is $4.30 
This summary was machine generated from LSEG data August 1 at
01:37 a.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      0.64           0.68           Beat
 Mar. 31 2024      0.81           0.79           Missed
 Jan. 1 0001       0.98           0.95           Missed
 Sep. 30 2023      0.99           1.02           Beat