Simon Property Group, Inc. (NYSE:SPG) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SPG is expected to report 3Q20 income of $ 0.90 per share from revenue of $ 1078.94 million.
For the full year, analysts anticipate top line of $ 4502.22 million, while looking forward to income of $ 4.40 per share bottom line.
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. came out with income for the second quarter of $ 2.12 per share, from the revenue of $ 1,062.00 million. The quarterly earnings grew 32.50 percent while revenues down 18.22 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.98 per share from $ 1144.39 million in revenue. The bottom line results beat street analysts by $ 1.14 or 116.33 percent, at the same time, top line results fell short of analysts by $ 82.39 million or 7.2 percent.
Stock Performance
On Friday, shares of Simon Property Group, Inc. has traded high as $ 64.83 and has cracked $ 61.64 on the downward trend, reaching $ 61.86 with volume of 4.87 million shares.
According to the previous trading day, closing price of $ 61.86, representing a 50.22 % increase from the 52 week low of $ 42.25 and a 59.56 % decrease over the 52 week high of $ 156.93.
The company has a market capital of $ 18.92 billion and is part of the Real Estate sector and REIT – Retail industry.
Conference Call
Simon Property Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 3Q20 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.
