Retail Opportunity Investments (US:ROIC) ZACKSยท2024-10-22 22:41Group 1 - Retail Opportunity Investments (ROIC) reported quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share, and down from $0.27 per share a year ago, representing an FFO surprise of -3.85% [1] - The company posted revenues of $83.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.25%, and up from $81.75 million year-over-year [1] - Over the last four quarters, Retail Opportunity Investments has surpassed consensus revenue estimates four times, but has only exceeded consensus FFO estimates once [1] Group 2 - The stock has added about 12% since the beginning of the year, compared to the S&P 500's gain of 22.7% [2] - The future price movement of the stock will depend on management's commentary on the earnings call and the company's FFO outlook [2][3] - The current consensus FFO estimate for the coming quarter is $0.26 on $83.25 million in revenues, and $1.05 on $334.35 million in revenues for the current fiscal year [4] Group 3 - The Zacks Industry Rank for REIT and Equity Trust - Retail is currently in the top 18% of over 250 Zacks industries, indicating a favorable outlook for the industry [5] - Kite Realty Group, another stock in the same industry, is expected to report quarterly earnings of $0.51 per share, with revenues projected to be $210.39 million, up 1.5% from the year-ago quarter [5]