Taubman Centers, Inc. (NYSE:TCO) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TCO to report 3Q20 loss of $ 0.33 per share.
For the full year, analysts anticipate top line of $ 531.78 million, while looking forward to loss of $ 0.34 per share bottom line.
Previous Quarter Performance
Taubman Centers, Inc. reported income for the second quarter of $ 0.41 per share, from the revenue of $ 118.53 million. The quarterly earnings increased 310.00 percent while revenues shrunk 26.65 percent compared with the same quarter last year.
Street analysts expected Taubman Centers, Inc. to report loss of $ 0.70 per share on revenue of $ 147.00 million for the second quarter. The bottom line results beat street analysts by $ 1.11 or 158.57 percent, at the same time, top line results fell short of analysts by $ 28.47 million or 19.37 percent.
Stock Performance
On Friday, shares of Taubman Centers, Inc. has traded high as $ 33.10 and has cracked $ 32.30 on the downward trend, reaching $ 32.87 with volume of 1.13 million shares.
According to the previous trading day, closing price of $ 32.87, representing a 25.34 % increase from the 52 week low of $ 26.24 and a 38.41 % decrease over the 52 week high of $ 53.40.
The company has a market capital of $ 2.03 billion and is part of the Real Estate sector and REIT – Retail industry.
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubmans U.S.-owned properties are the most productive in the publicly held U.S.
