Highwoods Properties Inc expected to post earnings of 19 cents a share - Earnings Preview

Highwoods Properties

19/04/2024 22:14

* Highwoods Properties Inc  HIW.N   HIW  is expected to show
a
fall in quarterly revenue when it reports  results on April 23
for the period ending March 31 2024
    * The Raleigh North Carolina-based  company is expected to
report
a 2.8% decrease in revenue to $206.784 million from $212.75
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Highwoods Properties Inc
is
for earnings of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Highwoods
Properties Inc is $24.50​, above​ its last closing price
of $24.18. ​​​

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  0.91        0.91       0.99      Beat    9.2
 Sep. 30 2023  0.93        0.93       0.93      Met     0.5
 Jun. 30 2023  0.94        0.94       0.94      Met     0.5​
 Mar. 31 2023  0.93        0.93       0.98      Beat    5
 ​​Dec.        0.96        0.96       0.96      Met     0
 31 2022                                                
 Sep. 30 2022  0.96        0.96       1.04      Beat    8.2​
 Jun. 30 2022  0.98        0.98       1.00      Beat    2.2
 Mar. 31 2022  0.96        0.96       1.03      Beat    7.1
 This summary was machine generated April 19 at 21:14 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)