Government Properties Income Trust Earnings: Here’s Why the Stock is Down Now
Government Properties Income Trust (NYSE:GOV) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.43%.
Government Properties Income Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.85% to $0.54 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 13.8% to $57.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Government Properties Income Trust reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.53. It missed the average revenue estimate of $58.07 million.
Key Stats (on next page)…
EPS decreased 3.57% from $0.56 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.53 and has not changed. For the current year, the average estimate has moved up from a profit of $2.15 to a profit of $2.16 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)