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

Retail Opportunity Investments

23/04/2024 22:55

* Retail Opportunity Investments Corp  ROIC.OQ  reported
quarterly
adjusted earnings of 9 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
three analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 5 cents to 10
cents per share.
    * Revenue rose 7.6% to $85.33 million from a year ago;
analysts
expected $83.82 million. 
    * Retail Opportunity Investments Corp's reported EPS for the
quarter was 9 cents​.
    * The company reported quarterly net income of $11.02
million.
    * Retail Opportunity Investments Corp shares had fallen
by 3.3%
this quarter and lost 11.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen 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," 6
"hold" and 1 "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 $14.00 
This summary was machine generated from LSEG data April 23 at
09:55 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
 Mar. 31 2024      0.27           0.28           Beat
 Dec. 31 2023      0.26           0.27           Beat
 Sep. 30 2023      0.27           0.27           Met
 Jun. 30 2023      0.26           0.27           Beat