SITE Centers Corp. (NYSE:SITC) is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are $ 101.56 million in revenue.
For the full year, analysts predict revenues of $ 417.85 million, while looking forward to income of $ 0.11 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.10 ~ $ 1.14 per share
Click Here For More Historical Outlooks Of SITE Centers Corp.
Previous Quarter Performance
SITE Centers Corp. unveiled income for the second quarter of $ 0.21 per share, from the revenue of $ 98.26 million. The quarterly earnings 320.00 percent while revenues decreased 13.39 percent compared with the same quarter last year. The consensus estimates are $ 97.89 million in revenue The top line results outshined analysts by $ 0.37 million or 0.38 percent.
Stock Performance
Shares of SITE Centers Corp. traded up $ 0.19 or 2.54 percent on Friday, reaching $ 7.68 with volume of 908.40 thousand shares. SITE Centers Corp. has traded high as $ 7.76 and has cracked $ 7.52 on the downward trend
According to the previous trading day, closing price of $ 7.68, representing a 108.06 % increase from the 52 week low of $ 3.60 and a 52.74 % decrease over the 52 week high of $ 15.85.
The company has a market capital of $ 1.48 billion and is part of the Real Estate sector and REIT – Retail industry.
Recent Analyst recommendations
- On 14th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 8.20 target price.
Conference Call
SITE Centers Corp. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sitecenters.com
SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
