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

Cousins Properties

26/04/2024 03:16

* Cousins Properties Inc  CUZ.N  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 15 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 11 cents to 12 cents per share.
    * Revenue rose 4.4% to $208.82 million from a year ago;
analysts
expected $199.47 million. 
    * Cousins Properties Inc's reported EPS for the quarter was
9
cents​.
    * The company reported quarterly net income of $13.29
million.
    * Cousins Properties Inc shares had fallen by 3.8% this
quarter and lost 5.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen 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 April 26 at
02:16 a.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      0.64           0.65           Beat
 Dec. 31 2023      0.64           0.65           Beat
 Sep. 30 2023      0.65           0.65           Met
 Jun. 30 2023      0.65           0.68           Beat