Analysts anticipate Phillips Edison to report an earnings per share (EPS) of $0.14.
The announcement from Phillips Edison is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings Track Record
In the previous earnings release, the company missed EPS by $0.01, leading to a 0.5% increase in the share price the following trading session.
Here's a look at Phillips Edison's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.13
0.13
0.10
0.11
EPS Actual
0.12
0.14
0.11
0.10
Price Change %
1.0%
-1.0%
1.0%
-2.0%
Performance of Phillips Edison Shares
Shares of Phillips Edison were trading at $36.89 as of October 22. Over the last 52-week period, shares are up 7.38%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Insights Shared by Analysts on Phillips Edison
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Phillips Edison.
With 3 analyst ratings, Phillips Edison has a consensus rating of Neutral. The average one-year price target is $36.67, indicating a potential 0.6% ...
