Condor Hospitality Belief, Inc. (CDOR) got here out
Condor Hospitality Belief, Inc. (CDOR) got here out with a quarterly lack of $0.17 per share versus the Zacks Consensus Estimate of a lack of $0.08. This compares to FFO of $0.15 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an FFO shock of -112.50%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.11 per share when it truly produced a lack of $0.11, delivering no shock.
During the last 4 quarters, the corporate has not been in a position to surpass consensus FFO estimates.
Condor Hospitality Belief, Inc.Which belongs to the Zacks REIT and Fairness Belief – Different trade, posted revenues of $8.31 million for the quarter ended December 2020, lacking the Zacks Consensus Estimate by 5.69%. This compares to year-ago revenues of $14.31 million. The corporate has topped consensus income estimates simply as soon as during the last 4 quarters.
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future FFO expectations will principally depend upon administration’s commentary on the earnings name.
Condor Hospitality Belief, Inc. Shares have added about 12.9% for the reason that starting of the 12 months versus the S&P 500’s acquire of 5.8%.
What’s Subsequent for Condor Hospitality Belief, Inc.
Whereas Condor Hospitality Belief, Inc. Has outperformed the market to this point this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s FFO outlook. Not solely does this embody present consensus FFO expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable monitor document of harnessing the ability of estimate revisions.
Forward of this earnings launch, the estimate revisions development for Condor Hospitality Belief, Inc. Was unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Sturdy Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You possibly can see the entire checklist of right now’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus FFO estimate is $0.01 on $9.88 million in revenues for the approaching quarter and $0.25 on $44.97 million in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as properly. By way of the Zacks Business Rank, REIT and Fairness Belief – Different is at the moment within the backside 21% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Condor Hospitality Belief, Inc. (CDOR): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.