Simon Property Group, Inc. (NYSE:SPG) is expected to report second quarter earnings results, after market close, on Monday 10th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.98 per share.
Looking ahead, the full year income are expected at $ 5.27 per share on the revenues of $ 4799.02 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 12.25 ~ $ 12.40 per share
Click Here For More Historical Outlooks Of Simon Property Group, Inc.
Previous Quarter Performance
Simon Property Group, Inc. revealed income for the first quarter of $ 2.78 per share, from the revenue of $ 1,353.00 million. The quarterly earnings expanded 56.18 percent while revenues surged 5.70 percent compared with the same quarter last year.
According to street consensus, SPG was expected to report 1Q20 income of $ 1.63 per share from revenue of $ 1285.23 million. The bottom line results beat street analysts by $ 1.15 or 70.55 percent, at the same time, top line results outshined analysts by $ 67.77 million or 5.27 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SPG was $ 62.19, representing a 47.20 % increase from the 52 week low of $ 42.25 and a 61.99 % decrease over the 52 week high of $ 163.60.
The company has a market capital of $ 19.01 billion and is part of the Real Estate sector and REIT – Retail industry.
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Recent Analyst recommendations
- On 18th June 2020, maintained by JPMorgan Chase & Co. at Neutral rating, with $ 90.00 target price.
Conference Call
Simon Property Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 10th August 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.simon.com
Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
