Potlatchdeltic Corp reports results for the quarter ended March 31 - Earnings Summary

• Potlatchdeltic Corp PCH.OQ reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of eight analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 13 cents to 25 cents per share.

• Revenue rose 17.6% to $268.26 million from a year ago; analysts expected $243.58 million.

• Potlatchdeltic Corp's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $25.81 million.

• Potlatchdeltic Corp shares had fallen by 13.4% this quarter and lost 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 36.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "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 Potlatchdeltic Corp is $50.50

This summary was machine generated from LSEG data April 28 at 09:01 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)