Back to top

Image: Bigstock

Phillips Edison & Company, Inc. (PECO) Reports Q3 Earnings: What Key Metrics Have to Say

Read MoreHide Full Article

For the quarter ended September 2023, Phillips Edison & Company, Inc. (PECO - Free Report) reported revenue of $152.47 million, up 4.7% over the same period last year. EPS came in at $0.58, compared to $0.09 in the year-ago quarter.

The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $153.27 million. With the consensus EPS estimate being $0.58, the company has not delivered EPS surprise.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Phillips Edison & Company, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Other property income: $0.74 million versus $0.75 million estimated by two analysts on average.
  • Revenues- Fees and management income: $2.17 million compared to the $2.52 million average estimate based on two analysts.
  • Net income (loss) per share- diluted: $0.10 compared to the $0.13 average estimate based on two analysts.
View all Key Company Metrics for Phillips Edison & Company, Inc. here>>>

Shares of Phillips Edison & Company, Inc. have returned +3.8% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Phillips Edison & Company, Inc. (PECO) - free report >>

Published in