Eastgroup Properties Inc expected to post earnings of $1.10 a share - Earnings Preview

EastGroup Properties

19/07/2024 23:32

* Eastgroup Properties Inc  EGP.N   EGP  is expected to show
a
rise in quarterly revenue when it reports  results on July 23
for the period ending June 30 2024
    * The Ridgeland Mississippi-based  company is expected to
report a
12.0% increase in revenue to $156.624 million from $139.89
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data. (SAL Represents Total
Revenue/Total Property Revenue)
    * ​LSEG's mean analyst estimate for Eastgroup Properties Inc
is
for earnings of $1.10 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Eastgroup
Properties Inc is $176.50​, below​ its last closing price
of $187.60. ​​​

The company's guidance on April 23 2024 for the period ended
June 30 was for Funds Flow from Operations between USD1.99 and
USD2.07.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.00        2.01       1.98      Missed  -1.3
 Dec. 31 2024  2.01                   2.03              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
 ​​Jan.        1.81        1.81       1.84      Beat    1.4
 1 0001                                                 
 Jan. 1 0001   1.77        1.77       1.82      Beat    2.9​
 Sep. 30 2022  1.76        1.75       1.77      Beat    1
 Jun. 30 2022  1.69        1.68       1.72      Beat    2.6
 This summary was machine generated July 19 at 22:32 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)