Gladstone Commercial Rises as Investors Look Ahead to Earnings
The REIT outperformed major U.S. indexes in its latest session, while Zacks estimates point to lower quarterly earnings and higher revenue.
Gladstone Commercial shares rose 1.73% to $12.94 in the latest session, outpacing gains in the major U.S. indexes. The S&P 500 added 0.73%, the Dow rose 0.49% and the Nasdaq gained 1.19%.
Over the past month, the real estate investment trust’s shares have fallen 2.3%. That decline was smaller than the Finance sector’s 4.15% loss, while the S&P 500 gained 0.55% over the same period.
Ahead of the company’s next earnings release, Zacks consensus estimates call for earnings of $0.34 per share, down 2.86% from the same quarter a year earlier. The revenue estimate is $42.43 million, up 3.89%, according to Zacks.
For the full year, Zacks estimates earnings of $1.39 per share, a 0.71% decline, and revenue of $170.67 million, a 5.78% increase. Its consensus estimate for earnings per share has not changed over the past 30 days.
This article was produced with the help of AI technology. Source: Yahoo Finance
