Peakstone Realty Trust reports results for the quarter ended in December - Earnings Summary

Peakstone Realty Trust

23/02/2024 03:01

* Peakstone Realty Trust  PKST.N  reported a quarterly
adjusted
loss of 55 cents​​ per share for the quarter ended in December. 
The mean expectation of two analysts for the quarter was
for earnings of 10 cents per share. Wall Street expected
results to range from -17 cents to 37 cents per share.
    * Revenue was $63.06 million​; analysts expected $61.70
million. 
    * Peakstone Realty Trust's reported EPS for the quarter was
a loss
of 55 cents​.
    * The company reported a quarterly loss of $19.89 million.
    * Peakstone Realty Trust shares had fallen by 31.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 119%
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 no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is  "sell."

Wall Street's median 12-month price target for Peakstone Realty
Trust is $14.25 
This summary was machine generated from LSEG data February 23 at
03:00 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
 Dec. 31 2023      0.10           -0.55          Missed
 Sep. 30 2023      -0.57          -3.55          Missed
 Jun. 30 2023      -0.50          -11.59         Missed