Federal Realty Investment Trust expected to post earnings of 71 cents a share - Earnings Preview

Federal Realty Investment Trust

31/07/2024 24:04

* Federal Realty Investment Trust  FRT.N   FRT  is expected
to show a rise in quarterly revenue when it reports  results on
August 1 for the period ending June 30 2024
    * The North Bethesda Maryland-based  company is expected to
report
a 4.6% increase in revenue to $293.604 million from $280.68
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data. (SAL represents Rental/ Property
Revenue basis)
    * ​LSEG's mean analyst estimate for Federal Realty
Investment
Trust is for earnings of 71 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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 $114.00​, above​ its last closing price
of $113.91. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Funds Flow from Operations between USD1.63 and
USD1.69.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.64        1.64       1.64      Met     -0.2
 Dec. 31 2024  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.        1.57        1.57       1.59      Beat    1.3
 31 2023                                                
 Jan. 1 0001   1.57        1.57       1.58      Beat    0.6​
 Jan. 1 0001   1.54        1.53       1.59      Beat    3.9
 Jan. 1 0001   1.49        1.49       1.65      Beat    10.7
 This summary was machine generated July 30 at 23:04 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)