Phillips Edison & Co Inc reports results for the quarter ended in September 30 - Earnings Summary

Phillips Edison & Company

27/10/2024 15:47

* Phillips Edison & Co Inc  PECO.OQ  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended September
30, 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 14 cents per
share. Wall Street expected results to range from 11 cents to 15
cents per share.
    * Revenue rose 8.6% to $165.53 million from a year ago;
analysts
expected $162.94 million. 
    * Phillips Edison & Co Inc's reported EPS for the quarter
was 9
cents​.
    * The company reported quarterly net income of $11.6
million.
    * Phillips Edison & Co Inc shares had fallen by 1.9% this
quarter and gained 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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," 7
"hold" and no "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 $38.50 
This summary was machine generated from LSEG data October 27 at
03:47 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
 Sep. 30 2024      0.62           0.62           Met
 Jun. 30 2024      0.60           0.59           Missed
 Mar. 31 2024      0.60           0.60           Met
 Dec. 31 2023      0.57           0.58           Beat