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

Highwoods Properties

25/07/2023 23:06

* Highwoods Properties Inc  HIW.N  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 29 cents per share.
    * Revenue rose 1.7% to $207.29 million from a year ago;
analysts
expected $210.92 million. 
    * Highwoods Properties Inc's reported EPS for the quarter
was 40
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Highwoods Properties Inc shares had risen by 6.7% this
quarter and lost 8.8% so far this year.
    * The company reported quarterly net income of $43.25
million.
    * Wall Street's median 12-month price target for Highwoods
Properties Inc is $27.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:06 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.94           0.94           Met
 Mar. 31 2023      0.93           0.98           Beat
 Dec. 31 2022      0.96           0.96           Met
 Sep. 30 2022      0.96           1.04           Beat