Site Centers Corp reports results for the quarter ended in December - Earnings Summary

Site Centers

13/02/2024 14:31

* Site Centers Corp  SITC.N  reported quarterly adjusted
earnings
of 92 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 12 cents.  The mean expectation of six analysts
for the quarter was for earnings of 2 cents per share. Wall
Street expected results to range from zero cents to 5 cents per
share.
    * Revenue fell 9.7% to $123.16 million from a year ago;
analysts
expected $129.52 million. 
    * Site Centers Corp's reported EPS for the quarter was 92
cents​.
    * The company reported quarterly net income of $193.64
million.
    * Site Centers Corp shares had risen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
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 4 "strong buy" or "buy," 9
"hold" and no "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 Site Centers Corp
is $14.00 
This summary was machine generated from LSEG data February 13 at
02:31 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
 Dec. 31 2023      0.26           0.25           Missed
 Sep. 30 2023      0.28           0.33           Beat
 Jun. 30 2023      0.28           0.29           Beat
 Mar. 31 2023      0.28           0.30           Beat