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

EastGroup Properties

26/10/2022 04:17

* Eastgroup Properties Inc  EGP.N  reported quarterly
adjusted
earnings of 87 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 84 cents per share.
    * Revenue rose 20.1% to $125.66 million from a year ago;
analysts
expected $123.69 million. 
    * Eastgroup Properties Inc's reported EPS for the quarter
was 87
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
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 fallen by 0.1% this
quarter and lost 36.7% so far this year.
    * The company reported quarterly net income of $37.79
million.
    * Wall Street's median 12-month price target for Eastgroup
Properties Inc is $175.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
26 at 03:17 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.75           1.77           Beat
 Jun. 30 2022      1.68           1.72           Beat
 Mar. 31 2022      1.63           1.68           Beat
 Dec. 31 2021      1.58           1.62           Beat