Four Corners Property Trust Inc reports results for the quarter ended June 30 - Earnings Summary

• Four Corners Property Trust Inc FCPT.N reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of five analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 29 cents per share.

• Revenue rose 9.6% to $72.84 million from a year ago; analysts expected $69.90 million.

• Four Corners Property Trust Inc's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $27.92 million.

• Four Corners Property Trust Inc shares had fallen by 2.9% this quarter and lost 3.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% 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 4 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Four Corners Property Trust Inc is $30.00, about 11.7% above its last closing price of $26.48

This summary was machine generated from LSEG data July 29 at 09:45 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)