Global Medical REIT Inc reports results for the quarter ended September 30 - Earnings Summary

• Global Medical REIT Inc GMRE.N reported a quarterly adjusted loss of 45 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of five analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from zero cents to 9 cents per share.

• Revenue rose 8.7% to $37.23 million from a year ago; analysts expected $38.15 million.

• Global Medical REIT Inc's reported EPS for the quarter was a loss of 45 cents​.

• The company reported a quarterly loss of $6 million.

• Global Medical REIT Inc shares had fallen by 9.6% this quarter and lost 21.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Global Medical REIT Inc is $41.25, about 26.9% above its last closing price of $30.15

This summary was machine generated from LSEG data November 4 at 11:15 p.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)