Peakstone Realty Trust reports results for the quarter ended in June - Earnings Summary
09/08/2024 05:10
* Peakstone Realty Trust PKST.N reported a quarterly
adjusted
loss of 11 cents per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $-11.59. The mean expectation of two analysts
for the quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -21 cents to 16 cents per share.
* Revenue fell 10.5% to $55.95 million from a year ago;
analysts
expected $60.15 million.
* Peakstone Realty Trust's reported EPS for the quarter was
a loss
of 11 cents.
* The company reported a quarterly loss of $3.77 million.
* Peakstone Realty Trust shares had risen by 10.2% this
quarter and lost 41.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 129.4% 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 $14.00
This summary was machine generated from LSEG data August 9 at
04:10 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 -0.02 -0.11 Missed
Mar. 31 2024 0.10 0.14 Beat
Dec. 31 2023 0.10 -0.55 Missed
Sep. 30 2023 -0.57 -3.55 Missed