Kimco Realty Corp expected to post earnings of 16 cents a share - Earnings Preview

Kimco Realty

30/07/2024 19:40

* Kimco Realty Corp  KIM.N   KIM  is expected to show a rise
in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Jericho New York-based  company is expected to report
a
13.4% increase in revenue to $497.793 million from $439.01
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (Revenue consensus is on Rental
revenue basis)
    * ​LSEG's mean analyst estimate for Kimco Realty Corp is for
earnings of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 14
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kimco
Realty Corp
is $22.00​, above​ its last closing price of $21.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.37        0.37       0.39      Beat    5.8
 Dec. 31 2024  0.39        0.39       0.39      Met     0.3
 Sep. 30 2023  0.39        0.39       0.40      Beat    1.9​
 Jun. 30 2023  0.39                   0.39              0
 ​​Mar.        0.39        0.39       0.39      Met     -0.5
 31 2023                                                
 Dec. 31 2022  0.38        0.39       0.38      Missed  -1.5​
 Sep. 30 2022  0.39        0.39       0.41      Beat    5.1
 Jun. 30 2022  0.38        0.38       0.40      Beat    5.4
 This summary was machine generated July 30 at 18:40 GMT.  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)