* RMR Group Inc reported quarterly adjusted earnings of 37 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of four analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 38 cents to 39 cents per share.
* Revenue fell 26.7% to $205.48 million from a year ago; analysts expected $230.40 million.
* RMR Group Inc's reported EPS for the quarter was 29 cents.
* The company reported quarterly net income of $4.94 million.
* RMR Group Inc shares had risen by 11.9% this quarter and lost 10.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 20% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the real estate services peer group is also "hold"
Wall Street's median 12-month price target for RMR Group Inc is $28.50 This summary was machine generated from LSEG data August 2 at 05:52 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.39 0.37 Missed
Mar. 31 2024 0.40 0.39 Missed
Dec. 31 2023 0.45 0.49 Beat
Sep. 30 2023 0.46 0.48 Beat
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