Global Medical REIT Q2 EPS $0.23 Down From $0.25 YoY, Sales $36.32M Beat $36.29M Estimate
Portfolio Pulse from mahesh@benzinga.com
Global Medical REIT (NYSE:GMRE) reported Q2 earnings of $0.23 per share, a decrease of 8% YoY. However, the company's quarterly sales of $36.32 million beat the analyst consensus estimate of $36.29 million by 0.07%, marking a 7.83% increase YoY.
August 04, 2023 | 12:22 pm
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NEUTRAL IMPACT
Global Medical REIT reported a decrease in Q2 earnings but beat sales estimates.
While the decrease in earnings per share might negatively impact the stock, the increase in sales and beating of estimates could balance it out, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100