Retail Opportunity Investments Corp expected to post earnings of 7 cents a share - Earnings Preview

Retail Opportunity Investments

19/04/2024 21:11

* Retail Opportunity Investments Corp  ROIC.OQ   ROIC.O  is
expected to show a rise in quarterly revenue when it reports 
results on April 23 for the period ending March 31 2024
    * The San Diego California-based  company is expected to
report a
5.7% increase in revenue to $83.816 million from $79.3 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Retail Opportunity
Investments
Corp is for earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Retail
Opportunity Investments Corp is $14.00​, above​ its last closing
price of $12.09. ​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Funds Flow from Operations between USD1.03 and
USD1.09.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.26        0.26       0.27      Beat    2.8
 Sep. 30 2023  0.26        0.27       0.27      Met     0.9
 Jun. 30 2023  0.26        0.26       0.27      Beat    2.4​
 Mar. 31 2023  0.26        0.27       0.25      Missed  -6.1
 ​​Dec.        0.27        0.27       0.27      Met     0.1
 31 2022                                                
 Sep. 30 2022  0.27        0.27       0.27      Met     -1.6​
 Jun. 30 2022  0.27        0.26       0.28      Beat    6.3
 Mar. 31 2022  0.26        0.26       0.28      Beat    8.2
 This summary was machine generated April 19 at 20:11 GMT.  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)