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

Retail Opportunity Investments

25/07/2023 23:19

* Retail Opportunity Investments Corp  ROIC.OQ  reported
quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 7 cents per share.
    * Revenue rose 4.9% to $82.04 million from a year ago;
analysts
expected $80.00 million. 
    * Retail Opportunity Investments Corp's reported EPS for the
quarter was 8 cents​.
    * 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. 
    * Retail Opportunity Investments Corp shares had risen
by 7.7%
this quarter and lost 3.2% so far this year.
    * The company reported quarterly net income of $9.93
million.
    * Wall Street's median 12-month price target for Retail
Opportunity Investments Corp is $14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.26           0.27           Beat
 Mar. 31 2023      0.27           0.25           Missed
 Dec. 31 2022      0.27           0.27           Met
 Sep. 30 2022      0.27           0.27           Met