Global Medical REIT Inc reports results for the quarter ended December 31 - Earnings Summary

• Global Medical REIT Inc GMRE.N reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of four analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents to 1 cents per share.

• Revenue rose 6.7% to $35.16 million from a year ago; analysts expected $34.63 million.

• Global Medical REIT Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $1.37 million.

• Global Medical REIT Inc shares had risen by 10.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $10.00

This summary was machine generated from LSEG data February 27 at 11:27 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)