Phillips Edison & Co Inc reports results for the quarter ended in December - Earnings Summary

Phillips Edison & Company

09/02/2024 24:40

* Phillips Edison & Co Inc  PECO.OQ  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 12 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 5 cents to 13
cents per share.
    * Revenue rose 6.5% to $154.45 million from a year ago;
analysts
expected $153.79 million. 
    * Phillips Edison & Co Inc's reported EPS for the quarter
was 11
cents​.
    * The company reported quarterly net income of $13.53
million.
    * Phillips Edison & Co Inc shares had fallen by 4.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"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 Phillips Edison &
Co Inc is $39.00 
This summary was machine generated from LSEG data February 9 at
12:40 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
 Dec. 31 2023      0.57           0.58           Beat
 Sep. 30 2023      0.58           0.58           Met
 Jun. 30 2023      0.57           0.59           Beat
 Mar. 31 2023      0.57           0.59           Beat