iStar Inc. (NYSE:STAR) is reporting third quarter earnings results on Tuesday 3rd November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.05 per share.
For the full year, analysts predict revenues of $ 458.40 million, while looking forward to income of $ 0.21 per share.
Previous Quarter Performance
iStar Inc. recorded loss for the second quarter of $ 0.04 per share, from the revenue of $ 96.42 million. The quarterly revenues decreased 2.08 percent compared with the same quarter last year. Street analysts expected iStar Inc. to report loss of $ 0.19 per share on revenue of $ 79.40 million for the second quarter. The bottom line results beat street analysts by $ 0.15 or 78.95 percent, at the same time, top line results outshined analysts by $ 17.02 million or 21.44 percent.
Stock Performance
Shares of iStar Inc. traded low $ -0.13 or -1.10 percent on Monday, reaching $ 11.67 with volume of 324.40 thousand shares. iStar Inc. has traded high as $ 12.13 and has cracked $ 11.48 on the downward trend
The closing price of $ 11.67, representing a 115.33 % increase from the 52 week low of $ 5.48 and a 32.57 % decrease over the 52 week high of $ 17.50.
The company has a market capital of $ 876.92 million and is part of the Real Estate sector and REIT – Diversified industry.
Conference Call
iStar Inc. will be hosting a conference call at 10:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.istar.com
iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc.
