Earnings Outlook For EastGroup Props

EastGroup Props (NYSE:EGP) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect EastGroup Props to report an earnings per share (EPS) of $2.10.

Investors in EastGroup Props are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Performance in Previous Earnings

The company's EPS beat by $0.04 in the last quarter, leading to a 2.4% drop in the share price on the following day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.05

2.01

EPS Actual

2.09

1.98

2.03

1.95

Price Change %

-2.0%

-5.0%

3.0%

1.0%

Stock Performance

Shares of EastGroup Props were trading at $179.5 as of October 21. Over the last 52-week period, shares are up 13.28%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about EastGroup Props

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on EastGroup Props.

With 12 analyst ratings, EastGroup Props has a consensus rating of Neutral. The average one-year price target is $197.92, indicating a potential 10.26% upside.

Comparing ...