Sun Communities Inc expected to post a loss of 11 cents a share - Earnings Preview

Sun Communities

26/04/2024 22:06

* Sun Communities Inc  SUI.N   SUI  is expected to show a
rise in
quarterly revenue when it reports  results on April 29 for the
period ending March 31 2024
    * The Southfield Michigan-based  company is expected to
report a
3.2% increase in revenue to $672.181 million from $651.2 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Sun Communities Inc is
for a
loss of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Sun
Communities
Inc is $144.50​, above​ its last closing price of $118.92. ​​​

The company's guidance on February 20 2024 for the period ended
March 31 was for Funds Flow from Operations between USD1.14 and
USD1.19.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.32        1.32       1.34      Beat    1.6
 Sep. 30 2023  2.47        2.48       2.57      Beat    3.5
 Jun. 30 2023  1.94        1.95       1.96      Beat    0.7​
 Mar. 31 2023  1.19        1.18       1.23      Beat    4.1
 ​​Dec.        1.26        1.26       1.33      Beat    5.4
 31 2022                                                
 Sep. 30 2022  2.55        2.55       2.65      Beat    3.8​
 Jun. 30 2022  2.00        2.00       2.02      Beat    1.1
 Mar. 31 2022  1.26        1.26       1.34      Beat    6.6
 This summary was machine generated April 26 at 21:06 GMT.  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)