Cousins Properties Inc reports results for the quarter ended in September 30 - Earnings Summary

Cousins Properties

27/10/2024 15:51

* Cousins Properties Inc  CUZ.N  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 13 cents.  The mean expectation of four analysts
for the quarter was for earnings of 6 cents per share. Wall
Street expected results to range from 4 cents to 10 cents per
share.
    * Revenue rose 5.4% to $209.21 million from a year ago;
analysts
expected $212.83 million. 
    * Cousins Properties Inc's reported EPS for the quarter was
7
cents​.
    * The company reported quarterly net income of $11.2
million.
    * Cousins Properties Inc shares had risen by 6.4% this
quarter and
gained 28.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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 $31.00 
This summary was machine generated from LSEG data October 27 at
03:51 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
 Sep. 30 2024      0.67           0.67           Met
 Jun. 30 2024      0.66           0.68           Beat
 Mar. 31 2024      0.64           0.65           Beat
 Dec. 31 2023      0.64           0.65           Beat