Greystone Housing Influence Buyers (GHI) got here out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.60 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 75%. 1 / 4 in the past, it was anticipated that this supplier of tax exempt financing for pupil housing, senior housing and multifamily housing would publish earnings of $0.80 per share when it really produced a lack of $0.12, delivering a shock of -115%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Greystone Housing Influence
The sustainability of the inventory’s rapid value motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Greystone Housing Influence shares have misplaced about 6.8% because the starting of the 12 months versus the S&P 500’s acquire of 8.8%.
What’s Subsequent for Greystone Housing Influence?
Whereas Greystone Housing Influence has underperformed the market to this point this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable observe document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Greystone Housing Influence: blended. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.46 on $25.3 million in revenues for the approaching quarter and $1.45 on $101.3 million in revenues for the present fiscal 12 months.
Buyers needs to be conscious of the truth that the outlook for the business can have a fabric affect on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Monetary – Miscellaneous Providers is presently within the prime 38% 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.
One different inventory from the identical business, Oportun Monetary Company (OPRT), is but to report outcomes for the quarter ended March 2024. The outcomes are anticipated to be launched on Might 9.
This firm is predicted to publish quarterly lack of $0.12 per share in its upcoming report, which represents a year-over-year change of +95.4%. The consensus EPS estimate for the quarter has been revised 21.6% decrease over the past 30 days to the present stage.
Oportun Monetary Company’s revenues are anticipated to be $249.9 million, down 3.7% from the year-ago quarter.
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Greystone Housing Impact Investors LP (GHI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
