Simon Property Group, Inc. (NYSE:SPG) earnings expectations

Simon Property Group, Inc. (NYSE:SPG) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 28, 2017. The stock lost about -5.4 percent in price since last results when it was at $177.74 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 0% of the time in its last 12 earnings reports. It fell short of earnings estimates on 12 occasions, and it has met expectations 0 time.

Here’s how traders responded to SPG earnings announcements over the past few quarters.

Simon Property Group, Inc. (SPG) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 5.15 percent over the past four quarters. Back on January 31, 2017, it posted earnings per-share earnings at $2.91 which beat the consensus $2.51 projection (positive surprise of15.94%. For the quarter, revenue came in at 1.43B versus consensus estimate of 1.46B. The stock gained 3.39 percent the session following the earnings reports were released, and on 7th day price change was 2.44 percent.

On October 26, 2016, it reported earnings at $2.7 a share compared with the consensus estimate of $2.68 per share (positive surprise of 0.75%). Revenue of 1.36B for that quarter was above the $1.35B analysts had expected. The stock retreated -4.51% the day following the earnings announcement, and on 7th day price change was -7.1%.

On July 27, 2016, it recorded $2.63 a share in earnings which topped the consensus estimate of $2.62 (positive surprise of 0.38%). Revenue for the quarter was $1.32B while analysts called for revenues to be $1.33B. The stock dropped -1.25% the day following the earnings data was made public, and on 7th day price change was -0.4%.

On April 26, 2016, it announced earnings per share at $2.63 versus the consensus estimate of $2.54 per share (positive surprise of 3.54%). That came on revenues of $1.34B for that period. Analysts had expected $1.3B in revenue.

Simon Property Group, Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $2.79. The analysts’ present consensus range is $2.72-$2.88 for EPS. The market consensus range for revenue is between $1.32B and $1.37B, with an average of $1.35B.

Simon Property Group, Inc. (NYSE:SPG) last ended at $168.69, sending the company’s market cap near $60.79B. The consensus 12-month price target from analysts covering the stock is $209.74. The share price has declined -24.4% from its top level in 52 weeks and advanced -4.13% this year. It recently traded in a range of $166.89-$169.76 at a volume of 2616177 shares. The recent trading ended with the price nearly -5.65 lower for the last 5 trading days, rebounding 0.66% from its 52-week low.


Leave a Reply