* STAG Industrial Inc reported quarterly adjusted earnings of 21 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of three analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 15 cents to 18 cents per share.
* Revenue rose 7% to $190.29 million from a year ago; analysts expected $189.09 million.
* STAG Industrial Inc's reported EPS for the quarter was 23 cents.
* The company reported quarterly net income of $41.81 million.
* STAG Industrial Inc shares had fallen by 4.1% this quarter and lost 4.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.1% 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 4 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the commercial reits peer group is also "hold"
Wall Street's median 12-month price target for STAG Industrial Inc is $42.00 This summary was machine generated from LSEG data October 30 at 03:04 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
Sep. 30 2024 0.60 0.60 Met
Jun. 30 2024 0.59 0.61 Beat
Mar. 31 2024 0.58 0.59 Beat
Dec. 31 2023 0.57 0.58 Beat
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