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

Phillips Edison & Company

31/10/2023 21:48

* Phillips Edison & Co Inc  PECO.OQ  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 9 cents.  The mean expectation of
five analysts for the quarter was for earnings of 11 cents per
share. Wall Street expected results to range from 8 cents to 13
cents per share.
    * Revenue rose 4.7% to $152.47 million from a year ago;
analysts
expected $151.56 million. 
    * Phillips Edison & Co Inc's reported EPS for the quarter
was 10
cents​.
    * The company reported quarterly net income of $12.25
million.
    * Phillips Edison & Co Inc shares had risen by 2.0% this
quarter and gained 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 2 "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 $36.00 
This summary was machine generated from LSEG data October 31 at
09:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.58           0.58           Met
 Jun. 30 2023      0.57           0.59           Beat
 Mar. 31 2023      0.57           0.59           Beat
 Dec. 31 2022      0.55           0.56           Beat