Site Centers Corp reports results for the quarter ended June 30 - Earnings Summary

• Site Centers Corp SITC.N reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $4.44. The mean expectation of two analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -16 cents to -11 cents per share.

• Revenue fell 72.7% to $31.11 million from a year ago; analysts expected $27.81 million.

• Site Centers Corp's reported EPS for the quarter was 88 cents​.

• The company reported quarterly net income of $46.5 million.

• Site Centers Corp shares had fallen by 1.6% this quarter and lost 17.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for Site Centers Corp is $14.75, about 23.1% above its last closing price of $11.34

This summary was machine generated from LSEG data August 5 at 09:55 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)