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

RMR group

02/08/2024 06:52

* RMR Group Inc  RMR.OQ  reported quarterly adjusted
earnings of
37 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 48
cents.  The mean expectation of four analysts for the quarter
was for earnings of 39 cents per share. Wall Street expected
results to range from 38 cents to 39 cents per share.
    * Revenue fell 26.7% to $205.48 million from a year ago;
analysts
expected $230.40 million. 
    * RMR Group Inc's reported EPS for the quarter was 29
cents​.
    * The company reported quarterly net income of $4.94
million.
    * RMR Group Inc shares had risen by 11.9% this quarter and
lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20%
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," 3
"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
$28.50 
This summary was machine generated from LSEG data August 2 at
05:52 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
 Jun. 30 2024      0.39           0.37           Missed
 Mar. 31 2024      0.40           0.39           Missed
 Dec. 31 2023      0.45           0.49           Beat
 Sep. 30 2023      0.46           0.48           Beat