Highwoods Properties Inc reports results for the quarter ended in December - Earnings Summary

Highwoods Properties

07/02/2024 03:31

* Highwoods Properties Inc  HIW.N  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
four analysts for the quarter was for earnings of 27 cents per
share. Wall Street expected results to range from 18 cents to 42
cents per share.
    * Revenue fell 2.3% to $206.86 million from a year ago;
analysts
expected $207.83 million. 
    * Highwoods Properties Inc's reported EPS for the quarter
was 36
cents​.
    * The company reported quarterly net income of $38 million.
    * Highwoods Properties Inc shares had fallen by 5.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Highwoods
Properties Inc is $23.00 

This summary was machine generated from LSEG data February 7 at
03:31 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.91           0.99           Beat
 Sep. 30 2023      0.93           0.93           Met
 Jun. 30 2023      0.94           0.94           Met
 Mar. 31 2023      0.93           0.98           Beat