ROIC Earnings

ROIC reported its FY2024Q3 earnings on 2024-10-22, showcasing a revenue of 82.44M against an estimate of 82.26M, resulting in a 0.21% surprise. The EPS was 0.25, surpassing the expected 0.26 by -3.85% . The stock experienced a 1.4% price change on the earnings day and a -1.02% change over the next five days, reflecting market reactions to the results.

Following ROIC's FY2024Q3 earnings announcement on 2024-10-22, the stock price moved by 1.40% on the day of the release. Over the subsequent five days, it saw a -1.02% change. Historically, ROIC's stock price tends to shift by an average of -2.18% in the 10 days leading up to earnings and +0.97% in the 10 days following, providing insight into potential market.

For 2024/Q4, analysts estimate ROIC’s annual revenue to reach 83.22M, while the EPS is projected at 0.06. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between ROIC's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for were No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, ROIC's stock price typically moves by -2.18% in the 10 days before its earnings and +0.97% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of 0.06 and revenue of 83.22M.

The earnings call reveals mixed results: strong leasing activity and a high portfolio lease rate are positives, but same-center NOI is down, and there's muted acquisition activity. The raised lower end of FFO guidance is offset by a lowered high end, and there's no clear shareholder return plan. The Q&A highlights uncertainties in refinancing and asset values, with vague responses on equity capital. Given the company's small market cap, the stock may react, but the lack of clear catalysts and mixed signals suggest a neutral outlook with potential for slight fluctuations.