Retail Opportunity Investments Corp reports results for the quarter ended in December - Earnings Summary

Retail Opportunity Investments

15/02/2024 04:59

* Retail Opportunity Investments Corp  ROIC.OQ  reported
quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 8 cents.  The mean expectation of
three analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 5 cents to 7
cents per share.
    * Revenue rose 5.6% to $84.65 million from a year ago;
analysts
expected $77.61 million. 
    * Retail Opportunity Investments Corp's reported EPS for the
quarter was 6 cents​.
    * The company reported quarterly net income of $8.04
million.
    * Retail Opportunity Investments Corp shares had fallen
by 6.9%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Retail
Opportunity Investments Corp is $16.00 
This summary was machine generated from LSEG data February 15 at
04:58 a.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
 Dec. 31 2023      0.26           0.27           Beat
 Sep. 30 2023      0.27           0.27           Met
 Jun. 30 2023      0.26           0.27           Beat
 Mar. 31 2023      0.27           0.25           Missed