Brokerages Expect Plymouth Ind Re (PLYM) Will Post Earnings of $0.35 Per Share

Wall Street brokerages forecast that Plymouth Ind Re (NASDAQ:PLYM) will post earnings per share (EPS) of $0.35 for the current quarter, according to Zacks. Two analysts have provided estimates for Plymouth Ind Re’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.37. Plymouth Ind Re posted earnings of $0.05 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 600%. The firm is expected to issue its next quarterly earnings results on Thursday, March 14th.

On average, analysts expect that Plymouth Ind Re will report full-year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.18 to $1.23. For the next financial year, analysts expect that the business will post earnings of $1.62 per share, with EPS estimates ranging from $1.53 to $1.71. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Plymouth Ind Re.

Separately, Wedbush restated an “outperform” rating on shares of Plymouth Ind Re in a research note on Tuesday, December 18th.

Shares of PLYM stock opened at $16.00 on Tuesday. Plymouth Ind Re has a 52-week low of $10.95 and a 52-week high of $18.27.

About Plymouth Ind Re

Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.

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