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

Sun Communities

26/10/2023 24:15

* Sun Communities Inc  SUI.N  reported quarterly adjusted
earnings
of $1.31​​ per share for the quarter ended in September. The
mean expectation of six analysts for the quarter was
for earnings of $1.31 per share.
    * Revenue rose 5.4% to $983.20 million from a year ago;
analysts
expected $938.47 million. 
    * Sun Communities Inc's reported EPS for the quarter was
$1.31​.
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Sun Communities Inc shares had fallen by 11.2% this
quarter and
lost 26.5% so far this year.
    * The company reported quarterly net income of $163.1
million.
    * Wall Street's median 12-month price target for Sun
Communities
Inc is $131.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 11:15 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.48           2.57           Beat
 Jun. 30 2023      1.95           1.96           Beat
 Mar. 31 2023      1.18           1.23           Beat
 Dec. 31 2022      1.26           1.33           Beat