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

Highwoods Properties

23/07/2024 23:15

* Highwoods Properties Inc  HIW.N  reported quarterly
adjusted
earnings of 59 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 40 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 43 cents per
share.
    * Revenue fell 1.2% to $204.74 million from a year ago;
analysts
expected $205.07 million. 
    * Highwoods Properties Inc's reported EPS for the quarter
was 59
cents​.
    * The company reported quarterly net income of $62.87
million.
    * Highwoods Properties Inc shares had risen by 7.2% this
quarter and gained 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Highwoods
Properties Inc is $26.50 
This summary was machine generated from LSEG data July 23 at
10:15 p.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
 Jun. 30 2024      0.90           0.98           Beat
 Mar. 31 2024      0.89           0.89           Met
 Dec. 31 2023      0.91           0.99           Beat
 Sep. 30 2023      0.93           0.93           Met