Rexford Industrial Realty Inc expected to post earnings of 27 cents a share - Earnings Preview

Rexford Industrial Realty

15/07/2024 21:24

* Rexford Industrial Realty Inc  REXR.N   REXR.K  is
expected
to show a rise in quarterly revenue when it reports  results on
July 17 for the period ending June 30 2024
    * The Los Angeles California-based  company is expected to
report
a 16.3% increase in revenue to $227.671 million from $195.77
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Rental Revenue)
    * ​LSEG's mean analyst estimate for Rexford Industrial
Realty Inc
is for earnings of 27 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Rexford
Industrial Realty Inc is $51.00​, above​ its last closing price
of $49.24. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.57        0.57       0.58      Beat    0.9
 Dec. 31 2024  0.56        0.56       0.56      Met     -0.4
 Sep. 30 2023  0.56        0.56       0.56      Met     0.6​
 Jun. 30 2023  0.54        0.54       0.54      Met     0
 ​​Mar.        0.53        0.52       0.52      Met     -0.5
 31 2023                                                
 Dec. 31 2022  0.48        0.48       0.51      Beat    5.8​
 Jan. 1 0001   0.48        0.48       0.50      Beat    3.4
 Jun. 30 2022  0.48        0.48       0.49      Beat    2.5
 This summary was machine generated July 15 at 20:24 GMT.  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)