Potlatchdeltic Corp reports results for the quarter ended in January - Earnings Summary

Potlatchdeltic

30/07/2024 14:54

* Potlatchdeltic Corp  PCH.OQ  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 16 cents per
share. Wall Street expected results to range from -9 cents to 44
cents per share.
    * Revenue rose 30.3% to $320.67 million from a year ago;
analysts
expected $304.76 million. 
    * Potlatchdeltic Corp's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $13.68
million.
    * Potlatchdeltic Corp shares had risen by 10.0% this
quarter and
lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 48.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Potlatchdeltic
Corp is $51.00 
This summary was machine generated from LSEG data July 30 at
01:54 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      0.16           0.17           Beat
 Mar. 31 2024      0.01           0.00           Missed
 Dec. 31 2023      0.03           0.00           Missed
 Sep. 30 2023      0.19           0.29           Beat