Earnings Roundup: Drive Shack Inc. (NYSE: DS)

NEW YORK, November 19, 2019 – Shares of Drive Shack Inc. (NYSE: DS) showed the bearish trend with a lower momentum of -0.73% to $4.10. The company traded total volume of 246.850K shares as contrast to its average volume of 346.75K shares. The company has a market value of $276.91M and about 67.54M shares outstanding.

Drive Shack Inc. (NYSE: DS) posted revenues of $71.62M for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 26.98%. This compares to year-ago revenues of $91.0M. The company has topped consensus revenue estimates just once over the last four quarters. The company came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -250%. A quarter ago, it was expected that this real estate investment trust would post a loss of $0.16 per share when it actually produced a loss of $0.18, delivering a surprise of -12.50%.

The Company offered net profit margin of -18.10% while its gross profit margin was 94.40%. ROE was recorded as -108.60% while beta factor was 1.58. The stock, as of recent close, has shown the weekly upbeat performance of 3.54% which was maintained at 4.59% in this year.

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