Federal Realty Investment Trust expected to post earnings of 67 cents a share - Earnings Preview

Federal Realty Investment Trust

30/04/2024 22:23

* Federal Realty Investment Trust  FRT.N   FRT  is expected
to show a rise in quarterly revenue when it reports  results on
May 2 for the period ending March 31 2024
    * The North Bethesda Maryland-based  company is expected to
report
a 6.4% increase in revenue to $290.167 million from $272.8
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Federal Realty
Investment
Trust is for earnings of 67 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 6
"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 $111.00​, above​ its last closing price
of $104.17. ​​​

The company's guidance on February 12 2024 for the period ended
March 31 was for Funds Flow from Operations between USD1.6 and
USD1.65.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.65        1.64       1.64      Met     -0.3
 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.        1.57        1.57       1.58      Beat    0.6
 31 2022                                                
 Sep. 30 2022  1.54        1.53       1.59      Beat    3.9​
 Jun. 30 2022  1.49        1.49       1.65      Beat    10.7
 Mar. 31 2022  1.44        1.44       1.50      Beat    4.4
 This summary was machine generated April 30 at 21:23 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)