RMR Group Inc reports results for the quarter ended in December - Earnings Summary

RMR group

08/02/2024 24:16

* RMR Group Inc  RMR.OQ  reported quarterly adjusted
earnings of
49 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 51 cents.  The mean expectation of three analysts for the
quarter was for earnings of 45 cents per share. Wall Street
expected results to range from 44 cents to 47 cents per share.
    * Revenue rose 4.4% to $261.67 million from a year ago;
analysts
expected $225.26 million. 
    * RMR Group Inc's reported EPS for the quarter was 41
cents​.
    * The company reported quarterly net income of $7 million.
    * RMR Group Inc shares had fallen by 11.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.9%
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 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "hold"

Wall Street's median 12-month price target for RMR Group Inc is
$32.25 
This summary was machine generated from LSEG data February 8 at
12:16 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      0.45           0.49           Beat
 Sep. 30 2023      0.46           0.48           Beat
 Jun. 30 2023      0.48           0.48           Met
 Mar. 31 2023      0.49           0.49           Met