Sun Communities Inc expected to post a loss of 38 cents a share - Earnings Preview

Sun Communities

16/02/2024 23:03

* Sun Communities Inc  SUI.N   SUI  is expected to show a
fall in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The Southfield Michigan-based  company is expected to
report a
0.8% decrease in revenue to $669.199 million from $674.3 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data. (SAL Represents Total Revenue)
    * ​LSEG's mean analyst estimate for Sun Communities Inc is
for a
loss of 38 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sun
Communities
Inc is $143.00​, above​ its last closing price of $130.00. ​​​

The company's guidance on October 25 2023 for the period ended
December 31 was for Funds Flow from Operations between USD1.28
and USD1.36.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  1.26        1.26       1.33      Beat    5.4
 ​​Sep.        2.55        2.55       2.65      Beat    3.8
 30 2022                                                
 Jun. 30 2022  2.00        2.00       2.02      Beat    1.1​
 Mar. 31 2022  1.26        1.26       1.34      Beat    6.6
 Dec. 31 2021  1.29        1.29       1.31      Beat    1.5
 This summary was machine generated February 16 at 23:03 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)