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

Phillips Edison & Company

25/07/2024 23:50

* Phillips Edison & Co Inc  PECO.OQ  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended in
January, identical to the same quarter last year.  The mean
expectation of seven analysts for the quarter was for earnings
of 14 cents per share. Wall Street expected results to range
from 11 cents to 16 cents per share.
    * Revenue rose 6.2% to $161.52 million from a year ago;
analysts
expected $162.02 million. 
    * Phillips Edison & Co Inc's reported EPS for the quarter
was 12
cents​.
    * The company reported quarterly net income of $15.27
million.
    * Phillips Edison & Co Inc shares had risen by 4.1% this
quarter and lost 6.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"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 $35.50 
This summary was machine generated from LSEG data July 25 at
10:50 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
 Jun. 30 2024      0.60           0.59           Missed
 Mar. 31 2024      0.60           0.60           Met
 Dec. 31 2023      0.57           0.58           Beat
 Sep. 30 2023      0.58           0.58           Met