Highwoods Properties Inc reports results for the quarter ended in September 30 - Earnings Summary

Highwoods Properties

23/10/2024 05:14

* Highwoods Properties Inc  HIW.N  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 21 cents.  The mean expectation of four analysts
for the quarter was for earnings of 22 cents per share. Wall
Street expected results to range from 16 cents to 37 cents per
share.
    * Revenue fell 1.3% to $204.32 million from a year ago;
analysts
expected $204.92 million. 
    * Highwoods Properties Inc's reported EPS for the quarter
was 14
cents​.
    * The company reported quarterly net income of $14.56
million.
    * Highwoods Properties Inc shares had risen by 6.2% this
quarter and gained 55.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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 32.50 
This summary was machine generated from LSEG data October 23 at
04:14 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
 Sep. 30 2024      0.88           0.90           Beat
 Jun. 30 2024      0.90           0.98           Beat
 Mar. 31 2024      0.89           0.89           Met
 Dec. 31 2023      0.91           0.99           Beat