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

Plymouth Industrial Reit

01/08/2024 19:23

* Plymouth Industrial REIT Inc  PLYM.N  reported quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of -8 cents.  The mean expectation of
four 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 fell 2.5% to $48.65 million from a year ago;
analysts
expected $50.90 million. 
    * Plymouth Industrial REIT Inc's reported EPS for the
quarter was
3 cents​.
    * The company reported quarterly net income of $1.22
million.
    * Plymouth Industrial REIT Inc shares had risen by 11.9%
this
quarter and lost 0.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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 $24.50 
This summary was machine generated from LSEG data August 1 at
06:23 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
 Jun. 30 2024      0.46           0.48           Beat
 Mar. 31 2024      0.47           0.45           Missed
 Dec. 31 2023      0.47           0.47           Met
 Sep. 30 2023      0.46           0.46           Met