Eastgroup Properties Inc reports results for the quarter ended in December - Earnings Summary

EastGroup Properties

07/02/2023 22:50

* Eastgroup Properties Inc  EGP.N  reported quarterly
adjusted
earnings of 89 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of 88 cents per share.
    * Revenue rose 20.9% to $129.84 million from a year ago;
analysts
expected $127.98 million. 
    * Eastgroup Properties Inc's reported EPS for the quarter
was 89
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Eastgroup Properties Inc shares had risen by 15.9% this
quarter.
    * The company reported quarterly net income of $38.67
million.
    * Wall Street's median 12-month price target for Eastgroup
Properties Inc is $170.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
7 at 10:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.77           1.82           Beat
 Sep. 30 2022      1.75           1.77           Beat
 Jun. 30 2022      1.68           1.72           Beat
 Mar. 31 2022      1.63           1.68           Beat