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

Sun Communities

27/07/2023 24:23

* Sun Communities Inc  SUI.N  reported quarterly adjusted
earnings
of 72 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
81 cents per share.
    * Revenue rose 6% to $863.50 million from a year ago;
analysts
expected $836.99 million. 
    * Sun Communities Inc's reported EPS for the quarter was 72
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Sun Communities Inc shares had risen by 6.6% this
quarter and
lost 2.8% so far this year.
    * The company reported quarterly net income of $89.8
million.
    * Wall Street's median 12-month price target for Sun
Communities
Inc is $156.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 11:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.95           1.96           Beat
 Mar. 31 2023      1.18           1.23           Beat
 Dec. 31 2022      1.26           1.33           Beat
 Sep. 30 2022      2.55           2.65           Beat