Eastgroup Properties Inc expected to post earnings of 86  cents a share - Earnings Preview

EastGroup Properties

22/04/2023 01:25

* Eastgroup Properties Inc  EGP.N   EGP  is expected to show
a
rise in quarterly revenue when it reports  results on April 25. 
    * The Ridgeland Mississippi-based  company is expected to
report 
a 17.6% increase in revenue to $132.819 million from $112.97
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Eastgroup
Properties Inc
is for earnings of 86 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"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 $175.5​, above​ its last closing price
of $168.65. ​​​

The company's guidance on February 7 2023 for the period ended
March 31 was for Funds Flow from Operations between USD1.75 and
USD1.83.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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​
 Mar. 31 2022  1.63        1.63       1.68      Beat    3.4
 ​​Dec.        1.58        1.58       1.62      Beat    2.5
 31 2021                                                
 Sep. 30 2021  1.49        1.49       1.55      Beat    4.3​
 Jun. 30 2021  1.44        1.44       1.47      Beat    1.8
 Mar. 31 2021  1.39        1.39       1.45      Beat    4.2
 This summary was machine generated April 22 at 00:25 GMT.  All
figures in US dollars  unless otherwise stated