* Brixmor Property Group Inc reported quarterly adjusted earnings of 29 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of eight analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 20 cents to 23 cents per share.
* Revenue rose 2.7% to $319.49 million from a year ago; analysts expected $314.47 million.
* Brixmor Property Group Inc's reported EPS for the quarter was 29 cents.
* The company reported quarterly net income of $88.91 million.
* Brixmor Property Group Inc shares had fallen by 7.4% this quarter and lost 6.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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 11 "strong buy" or "buy," 7 "hold" and no "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 Brixmor Property Group Inc is $26.00 This summary was machine generated from LSEG data April 30 at 02:04 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.51 0.54 Beat
Dec. 31 2023 0.50 0.51 Beat
Sep. 30 2023 0.50 0.50 Met
Jun. 30 2023 0.50 0.52 Beat
Comments