Investors Real Estate Trust Earnings: Here’s Why Shares are Down Now

Investors Real Estate Trust (NASDAQ:IRET) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.40%.

Investors Real Estate Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 5.56% to $0.19 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 10.07% to $67 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Investors Real Estate Trust reported adjusted EPS income of $0.19 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $65.93 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 0.87% from $66.42 million in the previous quarter. EPS increased 18.75% from $0.16 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 $0.17 and has not changed. For the current year, the average estimate is a profit of $0.67, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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