Uncovering Potential: SITE Centers's Earnings Preview

SITE Centers (NYSE:SITC) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect SITE Centers to report an earnings per share (EPS) of $0.89.

The market awaits SITE Centers's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Overview of Past Earnings

In the previous earnings release, the company beat EPS by $0.12, leading to a 3.5% drop in the share price the following trading session.

Here's a look at SITE Centers's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.96

EPS Actual

1.08

1.12

1.04

1.32

Price Change %

-3.0%

2.0%

1.0%

4.0%

Analyst Observations about SITE Centers

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on SITE Centers.

Analysts have provided SITE Centers with 7 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $43.18, suggesting a potential 156.72% upside.

Analyzing Ratings Among Peers

The following analysis focuses on the analyst ratings and average 1-year price targets of Saul Centers, ...