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

Sun Communities

01/08/2024 24:31

* Sun Communities Inc  SUI.N  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 72 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 65 cents per share. Wall Street
expected results to range from 55 cents to 73 cents per share.
    * Revenue rose 0.1% to $864.00 million from a year ago;
analysts
expected $890.62 million. 
    * Sun Communities Inc's reported EPS for the quarter was 42
cents​.
    * The company reported quarterly net income of $52.1
million.
    * Sun Communities Inc shares had risen by 5.7% this
quarter and
lost 4.8% so far this year.

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 8 "strong buy" or "buy," 5
"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 $136.00 
This summary was machine generated from LSEG data July 31 at
11:31 p.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
 Jun. 30 2024      1.88           1.79           Missed
 Mar. 31 2024      1.17           1.34           Beat
 Dec. 31 2023      1.32           1.34           Beat
 Sep. 30 2023      2.48           2.57           Beat