Eastgroup Properties Inc expected to post earnings of 92  cents a share - Earnings Preview

EastGroup Properties

22/07/2023 03:03

* Eastgroup Properties Inc  EGP.N   EGP  is expected to show
a
rise in quarterly revenue when it reports  results on July 25. 
    * The Ridgeland Mississippi-based  company is expected to
report 
a 15.3% increase in revenue to $136.75 million from $118.55
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Eastgroup
Properties Inc
is for earnings of 92 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $182​, below​ its last closing price
of $184.76. ​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for Funds Flow from Operations between USD1.83 and
USD1.89.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.81        1.81       1.84      Beat    1.4
 Dec. 31 2023  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.        1.63        1.63       1.68      Beat    3.4
 31 2022                                                
 Dec. 31 2021  1.58        1.58       1.62      Beat    2.5​
 Sep. 30 2021  1.49        1.49       1.55      Beat    4.3
 Jun. 30 2021  1.44        1.44       1.47      Beat    1.8
 This summary was machine generated July 22 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated