Sun Communities Inc expected to post earnings of $1.31 a share - Earnings Preview

Sun Communities

24/10/2023 01:24

* Sun Communities Inc  SUI.N   SUI  is expected to show a
rise in
quarterly revenue when it reports  results on October 25. 
    * The Southfield Michigan-based  company is expected to
report  a
0.6% increase in revenue to $938.471 million from $932.6 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sun Communities Inc
is
for earnings of $1.31 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"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 $131​, above​ its last closing price of $104.24. ​​​

The company's guidance on July 26 2023 for the period ended
September 30 was for Funds Flow from Operations between USD2.49
and USD2.56.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  2.55        2.55       2.65      Beat    3.8
 ​​Jun.        2.00        2.00       2.02      Beat    1.1
 30 2022                                                
 Mar. 31 2022  1.26        1.26       1.34      Beat    6.6​
 Dec. 31 2021  1.29        1.29       1.31      Beat    1.5
 Sep. 30 2021  2.03        2.03       2.11      Beat    4
 This summary was machine generated October 24 at 00:24 GMT.  All
figures in US dollars  unless otherwise stated