SITE Centers Corp. (NYSE:SITC) is reporting second quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, SITC is expected to report 2Q20 revenue of $ 97.89 million.
For the full year, analysts anticipate top line of $ 416.42 million, while looking forward to income of $ 0.17 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.10 ~ $ 1.14 per share
Click Here For More Historical Outlooks Of SITE Centers Corp.
Previous Quarter Performance
SITE Centers Corp. disclosed income for the first quarter of $ 0.32 per share, from the revenue of $ 114.08 million. Wall street analysts are predicting, SITC to report 1Q20 income of $ 0.07 per share from revenue of $ 113.05 million. The bottom line results beat street analysts by $ 0.25 or 357.14 percent, at the same time, top line results outshined analysts by $ 1.03 million or 0.91 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of SITE Centers Corp.
Stock Performance
According to the previous trading day, closing price of SITC was $ 7.03, representing a 95.28 % increase from the 52 week low of $ 3.60 and a 55.65 % decrease over the 52 week high of $ 15.85.
The company has a market capital of $ 1.36 billion and is part of the Real Estate sector and REIT – Retail industry.
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Recent Analyst recommendations
- On 15th June 2020, maintained by SunTrust Robinson Humphrey at Hold rating, with $ 7.00 target price.
- On 11th June 2020, downgraded by Raymond James to Market Perform from Outperform rating.
- On 1st June 2020, maintained by JPMorgan Chase & Co. at Neutral rating, with $ 6.50 target price.
Conference Call
SITE Centers Corp. will be hosting a conference call at 8:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sitecenters.com
SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
