Plymouth Industrial REIT Inc reports results for the quarter ended in December - Earnings Summary

Plymouth Industrial Reit

23/02/2024 03:03

* Plymouth Industrial REIT Inc  PLYM.N  reported quarterly
adjusted earnings of 20 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of -11 cents.  The mean expectation of
three analysts for the quarter was for a loss of 4 cents per
share. Wall Street expected results to range from -5 cents to -3
cents per share.
    * Revenue rose 7.3% to $50.78 million from a year ago;
analysts
expected $50.91 million. 
    * Plymouth Industrial REIT Inc's reported EPS for the
quarter was
20 cents​.
    * The company reported quarterly net income of $9.19
million.
    * Plymouth Industrial REIT Inc shares had fallen by 8.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Plymouth
Industrial REIT Inc is $26.00 
This summary was machine generated from LSEG data February 23 at
03:03 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      0.47           0.47           Met
 Sep. 30 2023      0.46           0.46           Met
 Jun. 30 2023      0.45           0.46           Beat
 Mar. 31 2023      0.44           0.45           Beat