Seven Hills Realty Trust SEVN.OQ reported quarterly adjusted earnings of 31 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of three analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 31 cents to 38 cents per share.
Revenue fell 21.2% to $7.39 million from a year ago; analysts expected $7.87 million.
Seven Hills Realty Trust's reported EPS for the quarter was 18 cents.
The company reported quarterly net income of $2.68 million.
Seven Hills Realty Trust shares had fallen by 11.2% this quarter and lost 18.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.7% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"
Wall Street's median 12-month price target for Seven Hills Realty Trust is $15.00, about 28.5% above its last closing price of $10.72
This summary was machine generated from LSEG data July 28 at 09:01 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)