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

Site Centers

02/11/2023 13:32

* Site Centers Corp  SITC.N  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 30 cents.  The mean expectation of six analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from -2 cents to 5 cents per share.
    * Revenue rose 5.1% to $143.09 million from a year ago;
analysts
expected $135.21 million. 
    * Site Centers Corp's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $45.85
million.
    * Site Centers Corp shares had fallen by 2.2% this
quarter and
lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is  "hold."

Wall Street's median 12-month price target for Site Centers Corp
is $14.50 
This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.28           0.29           Beat