Plymouth Industrial REIT, Inc. (AMEX:PLYM) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PLYM to report 3Q20 loss of $ 0.41 per share from revenue of $ 26.02 million.
For the full year, analysts anticipate top line of $ 104.34 million, while looking forward to loss of $ 1.78 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 105.50 million ~ $ 106.00 million, where as bottomline are predicted in a range of $ 1.81 ~ $ 1.85 per share
Click Here For More Historical Outlooks Of Plymouth Industrial REIT, Inc.
Previous Quarter Performance
Plymouth Industrial REIT, Inc. came out with income for the second quarter of $ 0.45 per share, from the revenue of $ 26.14 million. The quarterly earnings expanded 4.65 percent while revenues gained 53.58 percent compared with the same quarter last year.
According to street consensus, PLYM was expected to report 2Q20 loss of $ 0.48 per share from revenue of $ 23.75 million. The bottom line results beat street analysts by $ 0.93 or 193.75 percent, at the same time, top line results outshined analysts by $ 2.39 million or 10.06 percent.
Stock Performance
Shares of Plymouth Industrial REIT, Inc. traded up $ 0.24 or 1.82 percent on Thursday, reaching $ 13.43 with volume of 188.00 thousand shares. Plymouth Industrial REIT, Inc. has traded high as $ 13.61 and has cracked $ 13.13 on the downward trend
According to the previous trading day, closing price of $ 13.43, representing a 69.32 % increase from the 52 week low of $ 7.79 and a 38.65 % decrease over the 52 week high of $ 21.50.
The company has a market capital of $ 336.84 million and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 23rd September 2020, initiated by Robert W. Baird at Outperform rating, with $ 16.00 target price.
Conference Call
Plymouth Industrial REIT, Inc. will be hosting a conference call at 9:00 AM eastern time on 6th 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.plymouthreit.com
Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.
