What to Expect from Sun Communities's Earnings

Sun Communities (NYSE:SUI) is set to give its latest quarterly earnings report on Wednesday, 2024-11-06. Here's what investors need to know before the announcement.

Analysts estimate that Sun Communities will report an earnings per share (EPS) of $2.52.

The market awaits Sun Communities'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.

Performance in Previous Earnings

The company's EPS missed by $0.02 in the last quarter, leading to a 5.11% increase in the share price on the following day.

Here's a look at Sun Communities's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.88

1.16

EPS Actual

1.86

1.19

1.34

2.57

Price Change %

5.0%

-7.000000000000001%

2.0%

5.0%

Stock Performance

Shares of Sun Communities were trading at $130.28 as of November 04. Over the last 52-week period, shares are up 11.3%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Sun Communities

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

The consensus rating for Sun Communities is Neutral, derived from 7 analyst ratings. An average one-year price target of $148.57 implies a potential 14.04% upside.

Peer Ratings ...