Eastgroup Properties Inc expected to post earnings of $1.13 a share - Earnings Preview

EastGroup Properties

21/10/2024 22:41

* Eastgroup Properties Inc  EGP.N   EGP  is expected to show
a
rise in quarterly revenue when it reports  results on October 23
for the period ending September 30 2024
    * The Ridgeland Mississippi-based  company is expected to
report a
10.1% increase in revenue to $161.312 million from $146.53
million a year ago, according to the mean estimate from 10
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 $1.13 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 8
"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 $198.00​, above​ its last closing price
of $179.50. ​​​

The company's guidance on July 23 2024 for the period ended
September 30 was for Funds Flow from Operations between USD2.06
and USD2.12.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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
 ​​Jan.        1.88        1.88       1.91      Beat    1.8
 1 0001                                                 
 Mar. 31 2023  1.81        1.81       1.84      Beat    1.4​
 Jan. 1 0001   1.77        1.77       1.82      Beat    2.9
 Sep. 30 2022  1.76        1.75       1.77      Beat    1
 This summary was machine generated October 21 at 21:41 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)