RMR Group Inc reports results for the quarter ended September 30 - Earnings Summary

RMR group

12/11/2024 03:44

* RMR Group Inc  RMR.OQ  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended September 30, 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 38 cents per share. 
    * Revenue fell 4.8% to $212.30 million from a year ago;
analysts
expected $220.35 million. 
    * RMR Group Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $5.34
million.
    * RMR Group Inc shares had fallen by 3.2% this quarter and
lost 12.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 November 12 at
03:43 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
 Sep. 30 2024      0.38           0.34           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