Sun Communities Inc expected to post earnings of $1.61 a share - Earnings Preview

Sun Communities

04/11/2024 23:47

* Sun Communities Inc  SUI.N   SUI  is expected to show a
fall in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Southfield Michigan-based  company is expected to
report a
0.3% decrease in revenue to $980.411 million from $983.2 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data. (SAL Represents Total Revenue)
    * ​LSEG's mean analyst estimate for Sun Communities Inc is
for
earnings of $1.61 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 $147.00​, above​ its last closing price of $130.28. ​​​

The company's guidance on July 31 2024 for the period ended
September 30 was for Funds Flow from Operations between USD2.46
and USD2.56.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.88        1.88       1.86      Missed  -1.1
 Jan. 1 2024   1.17        1.17       1.19      Beat    1.9
 Dec. 31 2023  1.32        1.32       1.34      Beat    1.6​
 Sep. 30 2023  2.47        2.48       2.57      Beat    0.7
 ​​Jun.        1.94        1.95       1.96      Beat    0.7
 30 2023                                                
 Mar. 31 2023  1.26        1.18       1.23      Beat    4.1​
 Jan. 1 0001   1.26        1.26       1.33      Beat    5.4
 Jan. 1 0001   2.55        2.55       2.65      Beat    3.8
 This summary was machine generated November 4 at 23:46 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)