An Overview of Retail Opportunity's Earnings

Retail Opportunity (NASDAQ:ROIC) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Retail Opportunity will report an earnings per share (EPS) of $0.26.

The announcement from Retail Opportunity is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

In the previous earnings release, the company missed EPS by $0.01, leading to a 4.45% drop in the share price the following trading session.

Here's a look at Retail Opportunity's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.26

0.26

EPS Actual

0.25

0.28

0.27

0.27

Price Change %

-4.0%

-1.0%

-1.0%

-4.0%

Tracking Retail Opportunity's Stock Performance

Shares of Retail Opportunity were trading at $16.16 as of October 18. Over the last 52-week period, shares are up 33.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Retail Opportunity

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Retail Opportunity.

A total of 2 analyst ratings have been received for Retail Opportunity, with the consensus rating being Neutral. The average one-year price target stands at $16.0, suggesting a potential 0.99% downside.

Peer Ratings Overview

In this comparison, we ...