Stag Industrial Inc Reports Results For The Quarter Ended In June: Earnings Summary

STAG Industrial

26/07/2023 22:40

* STAG Industrial Inc  STAG.N  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 17 cents per share.
    * Revenue rose 6.4% to $171.44 million from a year ago;
analysts
expected $172.97 million. 
    * STAG Industrial Inc's reported EPS for the quarter was 29
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * STAG Industrial Inc shares had risen by 6.7% this
quarter and
gained 18.5% so far this year.
    * The company reported quarterly net income of $51.55
million.
    * Wall Street's median 12-month price target for STAG
Industrial
Inc is $38.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.56           0.56           Met
 Mar. 31 2023      0.55           0.55           Met
 Dec. 31 2022      0.55           0.55           Met
 Sep. 30 2022      0.54           0.57           Beat