Kimco Realty Corp reports results for the quarter ended in September 30 - Earnings Summary

Kimco Realty

01/11/2024 03:48

* Kimco Realty Corp  KIM.N  reported quarterly adjusted
earnings
of 19 cents​​ per share for the quarter ended September 30,
identical to the same quarter last year.  The mean expectation
of ten analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 15 cents to 20
cents per share.
    * Revenue rose 13.8% to $502.88 million from a year ago;
analysts
expected $497.61 million. 
    * Kimco Realty Corp's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $127.34
million.
    * Kimco Realty Corp shares had risen by 3.4% this
quarter and
gained 12.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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 24.00 
This summary was machine generated from LSEG data November 1 at
03:47 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      0.41           0.43           Beat
 Jun. 30 2024      0.40           0.41           Beat
 Mar. 31 2024      0.37           0.39           Beat
 Dec. 31 2023      0.39           0.39           Met