Select Income REIT Earnings: Here’s Why Investors Don’t Like These Results

Select Income REIT (NYSE:SIR) 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 1.78%.

Select Income REIT Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 57.14% to $0.77 in the quarter versus EPS of $0.49 in the year-earlier quarter.

Revenue: Rose 64.58% to $45.95 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $43.78 million.

Key Stats (on next page)…

Revenue increased 4.77% from $43.86 million in the previous quarter. EPS increased 32.76% from $0.58 in 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 $0.53 to a profit $0.48. For the current year, the average estimate has moved down from a profit of $2.14 to a profit of $2.1 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)

More Articles About:   , , ,  

More from The Cheat Sheet