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

Phillips Edison & Company

26/04/2024 04:11

* Phillips Edison & Co Inc  PECO.OQ  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in March,
identical to the same quarter last year.  The mean expectation
of seven analysts for the quarter was for earnings of 13 cents
per share. Wall Street expected results to range from 11 cents
to 16 cents per share.
    * Revenue rose 6.8% to $161.30 million from a year ago;
analysts
expected $157.80 million. 
    * Phillips Edison & Co Inc's reported EPS for the quarter
was 14
cents​.
    * The company reported quarterly net income of $17.67
million.
    * Phillips Edison & Co Inc shares had fallen by 7.4% this
quarter and lost 8.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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 $39.50 
This summary was machine generated from LSEG data April 26 at
03:11 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
 Mar. 31 2024      0.60           0.60           Met
 Dec. 31 2023      0.57           0.58           Beat
 Sep. 30 2023      0.58           0.58           Met
 Jun. 30 2023      0.57           0.59           Beat