Kimco Realty Corp reports results for the quarter ended in December - Earnings Summary

Kimco Realty

08/02/2024 14:33

* Kimco Realty Corp  KIM.N  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -9 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 16 cents per share. Wall
Street expected results to range from 15 cents to 16 cents per
share.
    * Revenue rose 3.6% to $451.60 million from a year ago;
analysts
expected $447.43 million. 
    * Kimco Realty Corp's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $133.36
million.
    * Kimco Realty Corp shares had fallen by 5.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Kimco Realty Corp
is $23.50 
This summary was machine generated from LSEG data February 8 at
02:32 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
 Dec. 31 2023      0.39           0.39           Met
 Sep. 30 2023      0.39           0.40           Beat
 Jun. 30 2023      0.39           0.39           Met
 Mar. 31 2023      0.39           0.39           Met