Stag Industrial Inc Reports Results For The Quarter Ended In September 30: Earnings Summary

STAG Industrial

30/10/2024 03:05

* STAG Industrial Inc  STAG.N  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 28 cents.  The mean expectation of
three analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 15 cents to 18
cents per share.
    * Revenue rose 7% to $190.29 million from a year ago;
analysts
expected $189.09 million. 
    * STAG Industrial Inc's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $41.81
million.
    * STAG Industrial Inc shares had fallen by 4.1% this
quarter and
lost 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"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 STAG Industrial
Inc is $42.00 
This summary was machine generated from LSEG data October 30 at
03:04 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
 Sep. 30 2024      0.60           0.60           Met
 Jun. 30 2024      0.59           0.61           Beat
 Mar. 31 2024      0.58           0.59           Beat
 Dec. 31 2023      0.57           0.58           Beat