Postal Realty Trust Inc reports results for the quarter ended in June - Earnings Summary

Postal Realty Trust

06/08/2024 23:30

* Postal Realty Trust Inc  PSTL.N  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 3 cents.  The mean expectation of four analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 1 cents to 4 cents per share.
    * Revenue rose 16.8% to $18.05 million from a year ago;
analysts
expected $17.38 million. 
    * Postal Realty Trust Inc's reported EPS for the quarter was
2
cents​.
    * The company reported quarterly net income of $817
thousand.
    * Postal Realty Trust Inc shares had risen by 5.3% this
quarter and lost 3.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
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 5 "strong buy" or "buy," 3
"hold" and no "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 Postal Realty
Trust Inc is $16.00 
This summary was machine generated from LSEG data August 6 at
10:30 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      0.23           0.23           Met
 Mar. 31 2024      0.21           0.20           Missed
 Dec. 31 2023      0.23           0.24           Beat
 Sep. 30 2023      0.23           0.25           Beat