Earnings Preview: Highwoods Props

Highwoods Props (NYSE:HIW) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.

Analysts estimate that Highwoods Props will report an earnings per share (EPS) of $0.89.

Anticipation surrounds Highwoods Props's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

Last quarter the company beat EPS by $0.08, which was followed by a 1.64% increase in the share price the next day.

Here's a look at Highwoods Props's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.90

0.90

EPS Actual

0.98

0.89

0.99

0.93

Price Change %

2.0%

2.0%

5.0%

-5.0%

Tracking Highwoods Props's Stock Performance

Shares of Highwoods Props were trading at $36.37 as of October 18. Over the last 52-week period, shares are up 95.45%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Highwoods Props

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Highwoods Props.

A total of 4 analyst ratings have been received for Highwoods Props, with the consensus rating being Neutral. The average one-year price target stands at $32.5, suggesting a potential 10.64% downside.

Analyzing Ratings Among Peers

The analysis below examines the analyst ...