Eastgroup Properties Inc expected to post earnings of $1.05 a share - Earnings Preview

EastGroup Properties

19/04/2024 22:53

* Eastgroup Properties Inc  EGP.N   EGP  is expected to show
a
rise in quarterly revenue when it reports  results on April 23
for the period ending March 31 2024
    * The Ridgeland Mississippi-based  company is expected to
report a
12.7% increase in revenue to $152.108 million from $135.03
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Eastgroup Properties Inc
is
for earnings of $1.05 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Eastgroup
Properties Inc is $190.00​, above​ its last closing price
of $159.27. ​​​

The company's guidance on February 7 2024 for the period ended
March 31 was for Funds Flow from Operations between USD1.93 and
USD2.01.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.01        2.01       2.03      Beat    1.2
 Sep. 30 2023  1.94        1.93       2.00      Beat    3.6
 Jun. 30 2023  1.88        1.88       1.91      Beat    1.8​
 Mar. 31 2023  1.81        1.81       1.84      Beat    1.4
 ​​Dec.        1.77        1.77       1.82      Beat    2.9
 31 2022                                                
 Sep. 30 2022  1.76        1.75       1.77      Beat    1​
 Jun. 30 2022  1.69        1.68       1.72      Beat    2.6
 Mar. 31 2022  1.63        1.63       1.68      Beat    3.4
 This summary was machine generated April 19 at 21:53 GMT.  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)