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

Highwoods Properties

23/04/2024 22:45

* Highwoods Properties Inc  HIW.N  reported quarterly
adjusted
earnings of 25 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 31 cents.  The mean expectation of four analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 13 cents to 29 cents per share.
    * Revenue fell 0.7% to $211.28 million from a year ago;
analysts
expected $206.78 million. 
    * Highwoods Properties Inc's reported EPS for the quarter
was 25
cents​.
    * The company reported quarterly net income of $26.06
million.
    * Highwoods Properties Inc shares had fallen by 5.6% this
quarter and gained 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 $24.50 
This summary was machine generated from LSEG data April 23 at
09:45 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
 Mar. 31 2024      0.89           0.89           Met
 Dec. 31 2023      0.91           0.99           Beat
 Sep. 30 2023      0.93           0.93           Met
 Jun. 30 2023      0.94           0.94           Met