RMR Group Inc reports results for the quarter ended December 31 - Earnings Summary

• RMR Group Inc RMR.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of four analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 34 cents to 35 cents per share.

• Revenue fell 16.1% to $219.48 million from a year ago; analysts expected $268.50 million.

• RMR Group Inc's reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of $6.38 million.

• RMR Group Inc shares had fallen by 8.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $24.00

This summary was machine generated from LSEG data February 6 at 04:34 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)