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

Kimco Realty

02/05/2024 14:32

* Kimco Realty Corp  KIM.N  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 46 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 18 cents per share. Wall Street
expected results to range from 16 cents to 19 cents per share.
    * Revenue rose 12.6% to $498.91 million from a year ago;
analysts
expected $477.31 million. 
    * Kimco Realty Corp's reported EPS for the quarter was a
loss of 3
cents​.
    * The company reported a quarterly loss of $18.92 million.
    * Kimco Realty Corp shares had fallen by 5.7% this
quarter and
lost 13.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 14
"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 $22.50 
This summary was machine generated from LSEG data May 2 at 01:32
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
 Mar. 31 2024      0.37           0.39           Beat
 Dec. 31 2023      0.39           0.39           Met
 Sep. 30 2023      0.39           0.40           Beat
 Jun. 30 2023      0.39           0.39           Met