Friday, May 14, 2021

Earnings Preview: How will Retail Opportunity Investments Corp. [ROIC] deliver its quarterly results?

Earnings from Retail Opportunity Investments Corp. [ROIC] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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ROIC Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.05 per share on revenue of $68.24M. Taking a look at the future, the company is projected to report revenue of $68.25M at an earnings per share of $0.05 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 2.60% in revenue and 24.77% in earnings per share for the company.

ROIC Stock Earnings Forecast For The Current Year


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For the full financial year, Retail Opportunity Investments Corp. [NASDAQ:ROIC] is forecasted to generate revenue of $274.78M. The figure is about $-9.33 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.21 in 2021, which is -$0.06 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -22.20% this year, 28.60% next year, and 8.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -3.30% in current fiscal year and 2.60% over following year.

ROIC Stock Price Performance

At a recent check today, Retail Opportunity Investments Corp. [NASDAQ:ROIC] finished up 1.38% at $17.93. The stock’s day high price was $17.88, and its lowest was $17.60. Its price rose 1.99% in the last five days. Since the beginning of the year, Retail Opportunity Investments Corp.’s shares are up nearly 32.11%. However, the share price is 0.31% below its one year high. The top price reached by the shares of the company was $17.99 on 04/27/21, while the 52-week low came on 01/05/21, when the shares were $12.79. In the past year, shares of the company have risen 122.24%. At 50 days, the moving average achieved is $16.46 while at 200 days, the moving average is $13.24. There were 0.11 million shares traded in the last session, down from 0.71 million in the previous session.

Retail Opportunity Investments Corp. [NASDAQ:ROIC] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 63.41, Retail Opportunity Investments Corp. [ROIC] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 22.87 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 7.28 PS value ratio is reported for the last one year of reported earnings. This is below the average return 8.33 for the industry, which means ROIC offers an attractive investment opportunity than its competitors do.

ROIC Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 18.03 level, and the violation of this level will cause a further drop to 17.57 level. At the upper end, 18.13 remains a key resistance. As the stock increases, it may find resistance at 18.00. In the 14-day chart, the Relative Strength Index standing at 71.89 suggests a technical overbought stance while the MACD standing at 0.64 indicates price will decrease in the next trading period. Stochastic %K at 91.25% suggests selling the stock while Percent R indicator at 7.98% suggests bullish price movement.

How much is the short interest in Retail Opportunity Investments Corp.?

There have been a drop in short interest in the Retail Opportunity Investments Corp. Financial stock, with short interest up by 0.48 million shares to 3.46 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 3.94 million shares. This -13.87% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 5.03% of the overall float in the stock, while the stock’s days to cover moved to 3.96.

How do analysts view Retail Opportunity Investments Corp.?

In regard to the share price forecast for Retail Opportunity Investments Corp. stock, the analysts, as surveyed by FactSet, forecast the price to reach $18.00 in the next twelve months, representing almost an 0.39% growth from its recent price of $17.93. Among Retail Opportunity Investments Corp. stock projections, $20.00 is the highest analyst target for the stock, while $15.00 is the lowest. Despite this, 11 analysts who share their consensus rating for ROIC in 2021 agree that the stock is a Hold. The latest rating change took place on 3/17/21, when Wells Fargo Ratings launched coverage of the stock at “Underweight” and assigned a price target of $15.0.

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