EastGroup Properties, Inc. (NYSE:EGP) is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.60 per share.
Looking ahead, the full year income are expected at $ 2.36 per share on the revenues of $ 359.00 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.30 ~ $ 1.34 per share
Full Year 2020 bottomline are predicted in a range of $ 5.23 ~ $ 5.33 per share
Click Here For More Historical Outlooks Of EastGroup Properties, Inc.
Previous Quarter Performance
EastGroup Properties, Inc. unfold income for the second quarter of $ 1.33 per share, from the revenue of $ 89.72 million. The quarterly earnings 82.19 percent compared with the same quarter last year. According to street consensus, EGP was expected to report 2Q20 income of $ 0.55 per share from revenue of $ 88.70 million. The bottom line results beat street analysts by $ 0.78 or 141.82 percent, at the same time, top line results outshined analysts by $ 1.02 million or 1.15 percent.
Stock Performance
Shares of EastGroup Properties, Inc. traded up $ 0.25 or 0.18 percent on Friday, reaching $ 138.14 with volume of 96.00 thousand shares. EastGroup Properties, Inc. has traded high as $ 139.09 and has cracked $ 137.20 on the downward trend
According to the previous trading day, closing price of $ 138.14, representing a 65.34 % increase from the 52 week low of $ 83.40 and a 7 % decrease over the 52 week high of $ 148.27.
The company has a market capital of $ 5.43 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 23rd September 2020, initiated by Robert W. Baird at Neutral rating, with $ 140.00 target price.
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Companys goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range).
