Sun Communities Inc reports results for the quarter ended in December - Earnings Summary

Sun Communities

21/02/2024 10:49

* Sun Communities Inc  SUI.N  reported a quarterly adjusted
loss
of 65 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 38 cents per share. Wall Street
expected results to range from $-2.08 to 24 cents per share.
    * Revenue rose 7.8% to $726.70 million from a year ago;
analysts
expected $669.20 million. 
    * Sun Communities Inc's reported EPS for the quarter was a
loss
of 65 cents​.
    * The company reported a quarterly loss of $80.9 million.
    * Sun Communities Inc shares had fallen by 2.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for Sun Communities
Inc is $145.00 
This summary was machine generated from LSEG data February 21 at
10:49 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
 Dec. 31 2023      1.32           1.34           Beat
 Sep. 30 2023      2.48           2.57           Beat
 Jun. 30 2023      1.95           1.96           Beat
 Mar. 31 2023      1.18           1.23           Beat