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American Strategic Investment Co. Reports Q2 Loss, Lags Revenue Estimates
American Strategic Investment Co. (NYSE: NYC) came out with a quarterly loss of $2.84 per share versus the Zacks Consensus Estimate of a loss of $2.99. This compares to loss of $4.77 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.02%. A quarter ago, it was expected that this company would post a loss of $3.07 per share when it actually produced a loss of $3.28, delivering a surprise of -6.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
American Strategic Investment Co., which belongs to the Zacks Real Estate - Operations industry, posted revenues of $15.75 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.92%. This compares to year-ago revenues of $15.78 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
American Strategic ...