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

Office Properties Income Trust

02/05/2024 18:02

* Office Properties Income Trust  OPI.OQ  reported a
quarterly
adjusted loss of 11 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of -1 cents.  The lone analyst forecast for the
quarter was for a loss of 43 cents per share. 
    * Revenue rose 5.3% to $139.44 million from a year ago;
analysts
expected $129.77 million. 
    * The company reported a quarterly loss of $5.19 million.
    * Office Properties Income Trust shares had fallen by 2.0%
this
quarter and lost 72.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.1%
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 $5.80 
This summary was machine generated from LSEG data May 2 at 05:02
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      0.81           0.79           Missed
 Dec. 31 2023      0.98           0.95           Missed
 Sep. 30 2023      0.99           1.02           Beat
 Jun. 30 2023      1.07           1.11           Beat