Simon Property Group Inc expected to post earnings of $1.55 a share - Earnings Preview

Simon Property

28/10/2023 02:38

* Simon Property Group Inc  SPG.N   SPG  is expected to show
a
rise in quarterly revenue when it reports  results on October
30. 
    * The Indianapolis Indiana-based  company is expected to
report  a
4.5% increase in revenue to $1.27 billion from $1.22 billion a
year ago, according to the mean estimate from 8 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Simon Property
Group Inc
is for earnings of $1.55 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Simon
Property
Group Inc is $124​, above​ its last closing price of $104.54.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  2.93        2.92       2.88      Missed  -1.5
 Mar. 31 2023  2.80        2.81       2.74      Missed  -2.4
 Dec. 31 2022  3.15        3.15       3.40      Beat    7.9​
 Sep. 30 2022  2.93        2.93       2.93      Met     0.1
 ​​Jun.        2.90        2.90       2.91      Beat    0.5
 30 2022                                                
 Mar. 31 2022  2.72        2.73       2.70      Missed  -1.1​
 Dec. 31 2021  2.93        2.90       3.09      Beat    6.7
 Sep. 30 2021  2.50        2.52       3.13      Beat    24.1
 This summary was machine generated October 28 at 01:38 GMT.  All
figures in US dollars  unless otherwise stated