Select Income REIT Earnings: Here’s Why Investors 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 up 1.11%.

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Select Income REIT Earnings Cheat Sheet

Revenue: Rose 59.12% to $43.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Select Income REIT reported adjusted EPS income of $0.76 per share. By that measure, the company beat the mean analyst estimate of $0.51. It beat the average revenue estimate of $41.55 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 20.57% from $36.41 million in the previous quarter. EPS increased 46.15% from $0.52 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 $0.60 to a profit $0.55. For the current year, the average estimate has moved down from a profit of $2.41 to a profit of $2.15 over the last ninety days.

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

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