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

EastGroup Properties

25/04/2023 23:06

* Eastgroup Properties Inc  EGP.N  reported quarterly
adjusted
earnings of $1.02​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 86 cents per share.
    * Revenue rose 19.5% to $135.03 million from a year ago;
analysts
expected $132.82 million. 
    * Eastgroup Properties Inc's reported EPS for the quarter
was
$1.02​.
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 0.6% this
quarter and gained 12.3% so far this year.
    * The company reported quarterly net income of $44.69
million.
    * Wall Street's median 12-month price target for Eastgroup
Properties Inc is $175.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 25 at 10:06 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.81           1.84           Beat
 Dec. 31 2022      1.77           1.82           Beat
 Sep. 30 2022      1.75           1.77           Beat
 Jun. 30 2022      1.68           1.72           Beat