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

Plymouth Industrial Reit

02/05/2024 20:42

* Plymouth Industrial REIT Inc  PLYM.N  reported quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in January, higher than the same quarter last year, when the
company reported EPS of -10 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 1.7% to $50.19 million from a year ago;
analysts
expected $51.03 million. 
    * Plymouth Industrial REIT Inc's reported EPS for the
quarter was
14 cents​.
    * The company reported quarterly net income of $6.12
million.
    * Plymouth Industrial REIT Inc shares had fallen by 6.7%
this
quarter and lost 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 2
"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 $25.00 
This summary was machine generated from LSEG data May 2 at 07:41
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      0.47           0.45           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