We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stay Ahead of the Game With Simon Property (SPG) Q2 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
The upcoming report from Simon Property (SPG - Free Report) is expected to reveal quarterly earnings of $3.04 per share, indicating an increase of 4.8% compared to the year-ago period. Analysts forecast revenues of $1.51 billion, representing an increase of 3.3% year over year.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Simon Property metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Management fees and other revenues' of $34.47 million. The estimate suggests a change of +3.9% year over year.
Analysts' assessment points toward 'Revenue- Lease income' reaching $1.39 billion. The estimate indicates a change of +5.4% from the prior-year quarter.
Analysts predict that the 'Revenue- Other income' will reach $94.02 million. The estimate indicates a year-over-year change of -14%.
The consensus among analysts is that 'U.S. Malls and Premium Outlets - Occupancy - Total Portfolio' will reach 96.0%. Compared to the current estimate, the company reported 95.6% in the same quarter of the previous year.
Analysts forecast 'Depreciation and amortization' to reach $326.23 million.
Shares of Simon Property have experienced a change of +2.3% in the past month compared to the +3.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SPG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stay Ahead of the Game With Simon Property (SPG) Q2 Earnings: Wall Street's Insights on Key Metrics
The upcoming report from Simon Property (SPG - Free Report) is expected to reveal quarterly earnings of $3.04 per share, indicating an increase of 4.8% compared to the year-ago period. Analysts forecast revenues of $1.51 billion, representing an increase of 3.3% year over year.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Simon Property metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Management fees and other revenues' of $34.47 million. The estimate suggests a change of +3.9% year over year.
Analysts' assessment points toward 'Revenue- Lease income' reaching $1.39 billion. The estimate indicates a change of +5.4% from the prior-year quarter.
Analysts predict that the 'Revenue- Other income' will reach $94.02 million. The estimate indicates a year-over-year change of -14%.
The consensus among analysts is that 'U.S. Malls and Premium Outlets - Occupancy - Total Portfolio' will reach 96.0%. Compared to the current estimate, the company reported 95.6% in the same quarter of the previous year.
Analysts forecast 'Depreciation and amortization' to reach $326.23 million.
View all Key Company Metrics for Simon Property here>>>Shares of Simon Property have experienced a change of +2.3% in the past month compared to the +3.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SPG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .