Cousins Properties Inc reports results for the quarter ended in December - Earnings Summary

Cousins Properties

07/02/2024 23:20

* Cousins Properties Inc  CUZ.N  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 16 cents.  The mean expectation of
four analysts for the quarter was for earnings of 12 cents per
share. Wall Street expected results to range from 12 cents to 13
cents per share.
    * Revenue rose 1.5% to $196.59 million from a year ago;
analysts
expected $198.61 million. 
    * Cousins Properties Inc's reported EPS for the quarter was
12
cents​.
    * The company reported quarterly net income of $18.79
million.
    * Cousins Properties Inc shares had fallen by 10.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 8 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Cousins
Properties Inc is $26.00 
This summary was machine generated from LSEG data February 7 at
11:20 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
 Dec. 31 2023      0.64           0.65           Beat
 Sep. 30 2023      0.65           0.65           Met
 Jun. 30 2023      0.65           0.68           Beat
 Mar. 31 2023      0.63           0.65           Beat