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

Site Centers

01/05/2024 12:44

* Site Centers Corp  SITC.N  reported a quarterly adjusted
loss
of 13 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 1 cents to 13 cents per share.
    * Revenue fell 11.8% to $120.62 million from a year ago;
analysts
expected $118.01 million. 
    * Site Centers Corp's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $26.34 million.
    * Site Centers Corp shares had fallen by 7.9% this
quarter and
lost 1.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 May 1 at 11:44
a.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
 Mar. 31 2024      0.25           0.28           Beat
 Dec. 31 2023      0.26           0.25           Missed
 Sep. 30 2023      0.28           0.33           Beat
 Jun. 30 2023      0.28           0.29           Beat