Eastgroup Properties Inc expected to post earnings of $1.11 a share - Earnings Preview

EastGroup Properties

21/04/2025 21:13

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 2025

The Ridgeland Mississippi-based  company is expected to report a 10.3% increase in revenue to $170.05 million from $154.22 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 $1.11 per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

The mean earnings estimate of analysts had fallen by about 0.0% in the last three months. ​

Wall Street's median 12-month price target for Eastgroup Properties Inc is $189.50​, above​ its last closing price of $159.90. ​​​

The company's guidance on February 6 2025 for the period ended March 31 was for Funds Flow from Operations between USD2.05 and USD2.13.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
2.15
2.15
2.15
Met
-0.1
Sep. 30 2024
2.10
2.10
2.13
Beat
1.4
Jun. 30 2024
2.05
2.05
2.09
Beat
1.9​
Mar. 31 2024
2.00
2.01
1.98
Missed
-1.3
​​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

This summary was machine generated April 21 at 20:13 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)