Armada Hoffler Properties Inc reports results for the quarter ended in March - Earnings Summary

AH Realty Trust

09/05/2024 14:32

* Armada Hoffler Properties Inc  AHH.N  reported quarterly
adjusted earnings of 17 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 3 cents.  The mean expectation of
two analysts for the quarter was for a loss of 3 cents per
share. Wall Street expected results to range from -10 cents to 4
cents per share.
    * Revenue rose 10.1% to $61.88 million from a year ago;
analysts
expected $60.75 million. 
    * Armada Hoffler Properties Inc's reported EPS for the
quarter was
17 cents​.
    * The company reported quarterly net income of $14.8
million.
    * Armada Hoffler Properties Inc shares had risen by 5.4%
this
quarter and lost 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
reits
peer group is also "buy"

Wall Street's median 12-month price target for Armada Hoffler
Properties Inc is $13.00 
This summary was machine generated from LSEG data May 9 at 01:31
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.30           0.33           Beat
 Dec. 31 2023      0.32           0.31           Missed
 Sep. 30 2023      0.32           0.31           Missed
 Jun. 30 2023      0.31           0.35           Beat