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

Retail Opportunity Investments

26/10/2023 02:54

* Retail Opportunity Investments Corp  ROIC.OQ  reported
quarterly
adjusted earnings of 7 cents​​ per share for the quarter ended
in September. The mean expectation of three analysts for the
quarter was for earnings of 7 cents per share.
    * Revenue rose 4.8% to $81.75 million from a year ago;
analysts
expected $81.25 million. 
    * Retail Opportunity Investments Corp's reported EPS for the
quarter was 7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Retail Opportunity Investments Corp shares had fallen
by 5.3%
this quarter and lost 22.0% so far this year.
    * The company reported quarterly net income of $8.32
million.
    * Wall Street's median 12-month price target for Retail
Opportunity Investments Corp is $14.50 
    * 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
October 26 at 01:54 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.27           0.27           Met
 Jun. 30 2023      0.26           0.27           Beat
 Mar. 31 2023      0.27           0.25           Missed
 Dec. 31 2022      0.27           0.27           Met