The exciting news about Simon Property Group (NYSE: SPG) will be shared on Monday 5th August 2024. Investors and analysts are eagerly waiting to hear about the company’s financial performance for the second quarter of 2024. This significant announcement will happen after market close.
It is anticipated by financial experts on Wall Street that the concern is set to announce an estimated $1.51 profit per share for the quarter. Additionally, the firm is expected to disclose a total revenue of $1.3 billion for this period.
The company’s yearly performance has been analyzed by Wall Street analysts, who have projected a total revenue of $5.32 billion. Additionally, they are expecting the company to achieve a per share profit of $7.37 for the fiscal year 2024.
In the corresponding quarter of the previous year, the company’s earnings report revealed a per-share income of $2.88. This significant amount was attributed to the company’s remarkable total revenue of $1369.6 million generated during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $3.56 | +29.9% | 1.44 B | +6.8% |
| Q4 2023 | $3.69 | +8.5% | 1.53 B | +9.1% |
| Q3 2023 | $3.20 | +9.2% | 1.41 B | +7.2% |
| Q2 2023 | $2.88 | -1.0% | 1.37 B | +7.0% |
*Growth on year-over-year basis
SPG has scheduled a conference call on 5th August 2024 at 05:00 PM eastern time to discuss the second quarter financial results and other related information.
Simon Property Group (NYSE: SPG) experienced a 2.05 percent drop during the regular trading session on Friday 2nd August 2024, striking in at $150.29. A trading volume of 662.90 thousand shares were noticed. SPG stock has traded in a range of $149.65 to $153.04 thus far. The company had closed prior day trading at $153.44.
