Spirit Realty Capital Inc reports results for the quarter ended in September - Earnings Summary

Spirit Realty Capital

02/11/2023 13:31

* Spirit Realty Capital Inc  SRC.N  reported quarterly
adjusted
earnings of 25 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 54 cents.  The mean expectation of
five analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 32 cents to 44
cents per share.
    * Revenue rose 6% to $193.38 million from a year ago;
analysts
expected $187.23 million. 
    * Spirit Realty Capital Inc's reported EPS for the quarter
was 25
cents​.
    * The company reported quarterly net income of $35.88
million.
    * Spirit Realty Capital Inc shares had risen by 8.9% this
quarter and lost 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 3 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Spirit Realty
Capital Inc is $41.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.90           0.93           Beat
 Jun. 30 2023      0.91           0.91           Met
 Mar. 31 2023      0.89           0.89           Met
 Dec. 31 2022      0.89           0.88           Missed