Investors Real Estate Trust (NASDAQ:IRET) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Investors Real Estate Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 11.11% to $0.16 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 7.44% to $67.18 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Investors Real Estate Trust reported adjusted EPS income of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.18. It beat the average revenue estimate of $65.1 million.
Key Stats (on next page)…
Revenue increased 1.25% from $66.35 million in the previous quarter. EPS were the same at $0.16 as the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.18 to a profit $0.17. For the current year, the average estimate is a profit of $0.69, which is the same with that ninety days ago.
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