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Mobile Infrastructure Corp (BEEP)
:BEEP
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: 16.18%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in asset conversion, revenue growth, financial strength, and strategic share repurchases. However, challenges such as high attrition rates and operational issues at the Detroit property present ongoing hurdles.Company Guidance
During the Mobile Infrastructure Corporation's fourth quarter and full year 2024 earnings conference call, the company provided guidance for 2025, forecasting revenue between $37 million and $40 million. They expect to achieve a net operating income (NOI) ranging from $23.5 million to $25 million, marking a 7% growth at the midpoint compared to 2024. Additionally, the adjusted EBITDA is anticipated to be between $16.5 million and $18 million. The company also highlighted that these estimates exclude the effects of potential asset sales. Mobile Infrastructure emphasized the strategic shift to management contracts for 29 of their 40 parking assets, which is expected to optimize revenue generation and reduce expenses. The company plans further asset conversions in 2026 and 2027, aiming to enhance their portfolio and financial performance.Successful Conversion of Parking Assets
Mobile successfully converted 29 out of 40 parking assets from leases to management contracts, enhancing both revenue generation and expense reduction.
Revenue and Growth Metrics
Fourth quarter revenue increased by 16% to $9.2 million from $7.9 million in the previous year, with a full-year revenue increase of 22.3% to $37 million.
Financial Position Strengthening
Reduced preferred share balance from $39.5 million to $20.1 million, and completed $87.5 million of refinancings with debt maturities extended.
Asset Sales and Portfolio Optimization
Completed three asset sales at significant multiples of their net operating income as part of an ongoing asset rotation strategy, with plans for further sales.
Share Repurchase Program
Repurchased 420,000 shares, reflecting confidence in the company's undervalued stock, which is trading below its net asset value of $7.25 per share.
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BEEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BEEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $3.40 | $3.75 | +10.29% |
| Nov 12, 2024 | $3.35 | $3.21 | -4.18% |
| Aug 13, 2024 | $2.91 | $2.77 | -4.81% |
| May 15, 2024 | $3.55 | $3.60 | +1.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mobile Infrastructure Corp (BEEP) report earnings?
Mobile Infrastructure Corp (BEEP) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Mobile Infrastructure Corp (BEEP) earnings time?
Mobile Infrastructure Corp (BEEP) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BEEP EPS forecast?
BEEP EPS forecast for the fiscal quarter 2025 (Q1) is -0.08.
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