Federal Realty Investment Trust expected to post earnings of 66 cents a share - Earnings Preview

Federal Realty Investment Trust

09/02/2024 21:42

* Federal Realty Investment Trust  FRT.N   FRT  is expected
to show a rise in quarterly revenue when it reports  results on
February 12 for the period ending December 31 2023
    * The North Bethesda Maryland-based  company is expected to
report
a 4.4% increase in revenue to $292.187 million from $279.78
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data. (SAL Represents Rental/Total
Revenue)
    * ​LSEG's mean analyst estimate for Federal Realty
Investment
Trust is for earnings of 66 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 9
"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 Federal
Realty
Investment Trust is $110.50​, above​ its last closing price
of $102.06. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Funds Flow from Operations between USD1.59
and USD1.67.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.62        1.62       1.65      Beat    1.7
 Jun. 30 2023  1.61        1.61       1.67      Beat    3.5
 Mar. 31 2023  1.57        1.57       1.59      Beat    1.3​
 Dec. 31 2022  1.57        1.57       1.58      Beat    0.6
 ​​Sep.        1.54        1.53       1.59      Beat    3.9
 30 2022                                                
 Jun. 30 2022  1.49        1.49       1.65      Beat    10.7​
 Mar. 31 2022  1.44        1.44       1.50      Beat    4.4
 Dec. 31 2021  1.42        1.41       1.47      Beat    4.1
 This summary was machine generated February 9 at 21:42 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)