JBG SMITH Properties reports results for the quarter ended in June - Earnings Summary

JBG SMITH Properties

31/07/2024 02:34

* JBG SMITH Properties  JBGS.N  reported a quarterly
adjusted loss
of 27 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 10 cents.  The lone analyst forecast for the quarter was
for a loss of 41 cents per share. 
    * Revenue fell 6.7% to $112.54 million from a year ago;
analysts
expected $111.67 million. 
    * JBG SMITH Properties's reported EPS for the quarter was a
loss
of 27 cents​.
    * The company reported a quarterly loss of $24.37 million.
    * JBG SMITH Properties shares had risen by 10.6% this
quarter and
lost 0.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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 no "strong buy" or "buy," 2
"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 JBG SMITH
Properties is $16.00 
This summary was machine generated from LSEG data July 31 at
01:34 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
 Jun. 30 2024      0.26           0.18           Missed
 Mar. 31 2024      0.29           0.29           Met
 Dec. 31 2023      0.29           0.38           Beat
 Sep. 30 2023      0.31           0.40           Beat