Sun Communities Inc reports results for the quarter ended March 31 - Earnings Summary

• Sun Communities Inc SUI.N reported a quarterly adjusted loss of 34 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -22 cents. The mean expectation of six analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -27 cents to 20 cents per share.

• Revenue fell 30% to $470.20 million from a year ago; analysts expected $576.60 million.

• Sun Communities Inc's reported EPS for the quarter was a loss of 34 cents​.

• The company reported a quarterly loss of $42.8 million.

• Sun Communities Inc shares had risen by 2.8% this quarter and gained 7.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and 1 "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 $135.00

This summary was machine generated from LSEG data May 5 at 10:42 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)