Washington Prime Group Inc. (NYSE:WPG) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, WPG is expected to report 3Q20 loss of $ 0.21 per share from revenue of $ 105.19 million.
For the full year, analysts anticipate top line of $ 465.62 million, while looking forward to loss of $ 0.73 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.99 ~ $ 1.07 per share
Click Here For More Historical Outlooks Of Washington Prime Group Inc.
Previous Quarter Performance
Washington Prime Group Inc. came out with loss for the second quarter of $ 0.04 per share, from the revenue of $ 98.76 million. Street analysts expected Washington Prime Group Inc. to report loss of $ 0.21 per share on revenue of $ 118.96 million for the second quarter. The bottom line results beat street analysts by $ 0.17 or 80.95 percent, at the same time, top line results fell short of analysts by $ 20.2 million or 16.98 percent.
Stock Performance
Shares of Washington Prime Group Inc. traded up $ 0.01 or 1.64 percent on Wednesday, reaching $ 0.62 with volume of 2.96 million shares. Washington Prime Group Inc. has traded high as $ 0.62 and has cracked $ 0.58 on the downward trend
The closing price of $ 0.62, representing a 10.91 % increase from the 52 week low of $ 0.55 and a 86.8 % decrease over the 52 week high of $ 4.62.
The company has a market capital of $ 116.21 million and is part of the Real Estate sector and REIT – Retail industry.
Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.
