Federal Realty Investment Trust reports results for the quarter ended in September - Earnings Summary

Federal Realty Investment Trust

02/11/2023 21:03

* Federal Realty Investment Trust  FRT.N  reported quarterly
adjusted earnings of 67 cents​​ per share for the quarter ended
in September, lower than the same quarter last year, when the
company reported EPS of $1.89.  The mean expectation of
seven analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 65 cents to 70
cents per share.
    * Revenue rose 4.8% to $286.60 million from a year ago;
analysts
expected $283.79 million. 
    * Federal Realty Investment Trust's reported EPS for the
quarter
was 67 cents​.
    * The company reported quarterly net income of $55.04
million.
    * Federal Realty Investment Trust shares had risen by 1.2%
this
quarter and lost 9.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Federal
Realty
Investment Trust is $106.00 

This summary was machine generated from LSEG data November 2 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.62           1.65           Beat
 Jun. 30 2023      1.61           1.67           Beat
 Mar. 31 2023      1.57           1.59           Beat
 Dec. 31 2022      1.57           1.58           Beat