Eastgroup Properties Inc <EGP.N> expected to post earnings of $1.15 a share - Earnings Preview
Eastgroup Properties Inc EGP.N, EGP is expected to show a rise in quarterly revenue when it reports results on February 6 for the period ending December 31 2024
The Ridgeland Mississippi-based company is expected to report a 11.5% increase in revenue to $166.314 million from $149.15 million a year ago, according to the mean estimate from 14 analysts, based on LSEG data. (SAL Represents Total Revenue/Total Property Revenue)
LSEG's mean analyst estimate for Eastgroup Properties Inc is for earnings of $1.15 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Eastgroup Properties Inc is $192.50, above its last closing price of $168.68.
The company's guidance on October 23 2024 for the period ended December 31 was for Funds Flow from Operations between USD2.13 and USD2.17.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 2.10 | 2.10 | 2.13 | Beat | 1.4 |
Jun. 30 2024 | 2.05 | 2.05 | 2.09 | Beat | 1.9 |
Mar. 31 2024 | 2.00 | 2.01 | 1.98 | Missed | -1.3 |
Dec. 31 2023 | 2.01 | 2.01 | 2.03 | Beat | 1.2 |
Sep. 30 2023 | 1.94 | 1.93 | 2.00 | Beat | 3.6 |
Jun. 30 2023 | 1.88 | 1.88 | 1.91 | Beat | 1.8 |
Mar. 31 2023 | 1.81 | 1.81 | 1.84 | Beat | 1.4 |
Dec. 31 2022 | 1.77 | 1.77 | 1.82 | Beat | 2.9 |
This summary was machine generated February 4 at 21:02 GMT. 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)
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