Phillips Edison & Co Inc reports results for the quarter ended June 30 - Earnings Summary
Phillips Edison & Co Inc reports results for the quarter ended June 30 - Earnings Summary
Phillips Edison & Co Inc PECO.OQ reported quarterly adjusted earnings of 33 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eight analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 15 cents to 23 cents per share.
Revenue rose 6.7% to $189.62 million from a year ago; analysts expected $188.90 million.
Phillips Edison & Co Inc's reported EPS for the quarter was 33 cents.
The company reported quarterly net income of $41.12 million.
Phillips Edison & Co Inc shares had risen by 4.2% this quarter and gained 21.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged 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 "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"
Wall Street's median 12-month price target for Phillips Edison & Co Inc is $44.50, about 2.6% above its last closing price of $43.36
This summary was machine generated from LSEG data July 23 at 09:04 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 2026 | 0.68 | 0.69 | Beat |
Mar. 31 2026 | 0.67 | 0.69 | Beat |
Dec. 31 2025 | 0.65 | 0.66 | Beat |
Sep. 30 2025 | 0.64 | 0.65 | Beat |
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Phillips Edison & Co Inc reports results for the quarter ended June 30 - Earnings Summary