Second quarter 2021 earnings released: US$0.09 loss per share (vs US$0.50 loss in 2Q 2020)
The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses.Second quarter 2021 results:
- Revenue: US$649.0m (up US$571.0m from 2Q 2020).
- Net loss: US$60.0m (loss narrowed 83% from 2Q 2020).
Over the last 3 years on average, the company’s share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
Consensus EPS estimates increase to -US$0.43
The consensus outlook for earnings per share (EPS) in 2021 has improved.
- 2021 revenue forecast increased from US$2.49b to US$2.64b.
- EPS estimate increased from -US$0.79 to -US$0.43.
- REITs industry in the US expected to see average net income growth of 8.0% next year.
- Consensus price target of US$18.42 unchanged from last update.
- Share price rose 8.6% to US$16.46 over the past week.