Sun Communities Inc reports results for the quarter ended in September 30 - Earnings Summary

Sun Communities

07/11/2024 14:16

* Sun Communities Inc  SUI.N  reported quarterly adjusted
earnings
of $2.31​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.31.  The mean expectation of eight analysts for the
quarter was for earnings of $1.61 per share. Wall Street
expected results to range from $1.16  to $2.51 per share.
    * Revenue fell 4.4% to $939.90 million from a year ago;
analysts
expected $980.41 million. 
    * Sun Communities Inc's reported EPS for the quarter was
$2.33​.
    * The company reported quarterly net income of $291.9
million.
    * Sun Communities Inc shares had fallen by 2.5% this
quarter and
lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 7
"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 147.00 
This summary was machine generated from LSEG data November 7 at
02:16 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
 Sep. 30 2024      2.51           2.34           Missed
 Jun. 30 2024      1.88           1.86           Missed
 Mar. 31 2024      1.17           1.19           Beat
 Dec. 31 2023      1.32           1.34           Beat