A Peek at Simon Property Group's Future Earnings

Simon Property Group (NYSE:SPG) is preparing to release its quarterly earnings on Friday, 2024-11-01. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Simon Property Group to report an earnings per share (EPS) of $3.01.

The market awaits Simon Property Group's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

In the previous earnings release, the company missed EPS by $0.02, leading to a 5.06% increase in the share price the following trading session.

Here's a look at Simon Property Group's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.92

EPS Actual

2.90

3.56

3.69

3.2

Price Change %

5.0%

2.0%

5.0%

4.0%

Market Performance of Simon Property Group's Stock

Shares of Simon Property Group were trading at $172.08 as of October 30. Over the last 52-week period, shares are up 45.34%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Simon Property Group

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Simon Property Group.

The consensus rating for Simon Property Group is Neutral, based on 9 analyst ratings. With an average one-year price target of $162.61, there's a potential 5.5% downside.

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