Simon Property Group Inc expected to post earnings of $1.87 a share - Earnings Preview

Simon Property

02/02/2024 21:15

* Simon Property Group Inc  SPG.N   SPG  is expected to show
a
rise in quarterly revenue when it reports  results on February 5
for the period ending December 31 2023
    * The Indianapolis Indiana-based  company is expected to
report a
5.6% increase in revenue to $1.359 billion from $1.29 billion a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data. (Revenue consensus is on Lease income basis)
    * ​LSEG's mean analyst estimate for Simon Property Group Inc
is
for earnings of $1.87 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 $144.00​, above​ its last closing price of $139.40.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  2.97        2.97       3.20      Beat    7.8
 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.        2.93        2.93       2.93      Met     0.1
 30 2022                                                
 Jun. 30 2022  2.90        2.90       2.91      Beat    0.5​
 Mar. 31 2022  2.72        2.73       2.70      Missed  -1.1
 Dec. 31 2021  2.93        2.90       3.09      Beat    6.7
 This summary was machine generated February 2 at 21:15 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)