Prologis Inc reports results for the quarter ended December 31 - Earnings Summary

• Prologis Inc PLD.N reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of six analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 60 cents to 68 cents per share.

• Revenue rose 10.3% to $1.94 billion from a year ago; analysts expected $1.96 billion.

• Prologis Inc's reported EPS for the quarter was $1.37​.

• The company reported quarterly net income of $1.28 billion.

• Prologis Inc shares had risen by 3.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% 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 17 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the commercial reits peer group is also "buy"

Wall Street's median 12-month price target for Prologis Inc is $125.00

This summary was machine generated from LSEG data January 21 at 02:31 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)