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Unlocking Q3 Potential of Simon Property (SPG): Exploring Wall Street Estimates for Key Metrics
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The upcoming report from Simon Property (SPG - Free Report) is expected to reveal quarterly earnings of $3.32 per share, indicating an increase of 3.1% compared to the year-ago period. Analysts forecast revenues of $1.73 billion, representing an increase of 8% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Simon Property metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Management fees and other revenues' will reach $40.01 million. The estimate indicates a year-over-year change of +8.4%.
According to the collective judgment of analysts, 'Revenue- Other income' should come in at $94.70 million. The estimate points to a change of -15.2% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Lease income' reaching $1.67 billion. The estimate suggests a change of +14.6% year over year.
The combined assessment of analysts suggests that 'U.S. Malls and Premium Outlets - Occupancy - Total Portfolio' will likely reach 96.0%. Compared to the present estimate, the company reported 96.4% in the same quarter last year.
The consensus estimate for 'Depreciation and amortization' stands at $454.94 million.
Shares of Simon Property have experienced a change of +8.4% in the past month compared to the -0.9% 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 >>>> .
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Unlocking Q3 Potential of Simon Property (SPG): Exploring Wall Street Estimates for Key Metrics
The upcoming report from Simon Property (SPG - Free Report) is expected to reveal quarterly earnings of $3.32 per share, indicating an increase of 3.1% compared to the year-ago period. Analysts forecast revenues of $1.73 billion, representing an increase of 8% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Simon Property metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Management fees and other revenues' will reach $40.01 million. The estimate indicates a year-over-year change of +8.4%.
According to the collective judgment of analysts, 'Revenue- Other income' should come in at $94.70 million. The estimate points to a change of -15.2% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Lease income' reaching $1.67 billion. The estimate suggests a change of +14.6% year over year.
The combined assessment of analysts suggests that 'U.S. Malls and Premium Outlets - Occupancy - Total Portfolio' will likely reach 96.0%. Compared to the present estimate, the company reported 96.4% in the same quarter last year.
The consensus estimate for 'Depreciation and amortization' stands at $454.94 million.
View all Key Company Metrics for Simon Property here>>>Shares of Simon Property have experienced a change of +8.4% in the past month compared to the -0.9% 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 >>>> .