Overview
Income Opportunity Realty Q3 net income falls to $1.0 mln from $1.2 mln yr/yr
Decrease in net income due to lower interest income
Company reports Q3 operating expenses of $90,000
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
INTEREST INCOME DECLINE - Co attributes decrease in net income to reduced interest income from related parties
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | $1.03 mln | ||
Q3 Operating Expenses | $90,000 | ||
Q3 Operating Income | -$90,000 |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Income Opportunity Realty Investors Inc is $39.00, about 55.4% above its April 8 closing price of $17.40
Press Release: ID:nBwscsFya
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)