Urban Edge Properties (UE, Financials) is expected to report its third quarter 2024 earnings on October 30, 2024. Consensus estimates for Q3 2024 revenue are $106.29 million, with earnings expected to be $0.01 per share. For the full year 2024, sales are expected to be $430.91 million and earnings per share are expected to be $0.32. More detailed estimated data can be found on the Forecasts page.
Predicted trends for Urban Edge Properties (UE, Finance)
In the past 90 days, its full year 2024 revenue estimate has decreased from $431.84 million to $430.91 million. The 2025 forecast decreased from $442.33 million to $434.34 million. On the revenue side, the 2024 forecast increased from $0.04 to $0.32 per share, but the 2025 forecast decreased from $0.12 to $0.05 per share.
Urban Edge Properties (UE, Financial) Report History
Urban Edge Properties (UE)’s actual revenue for the last quarter ended June 30, 2024 was $106.36 Million, which was -1.11% lower than analysts’ revenue estimates of $107.55 Million. . Urban Edge Properties (UE)’s actual earnings were $0.02 per share, which was -60% lower than analysts’ earnings estimates of $0.05 per share. After the results were released, Urban Edge Properties (UE) fell -2.03% in one day.
Urban Edge Properties (UE, Financial) 12 Month Price Target
Based on 1-year price targets provided by 4 analysts, Urban Edge Properties (UE) has an average target price of $22.25, with a high estimate of $25 and a low estimate of $19. The average price target implies an upside of 0.41% from the current price of $22.16.
Based on GuruFocus estimates, Urban Edge Properties (UE, Financial)’s estimated 1-year GF value is $17.78, implying -19.77% downside from the current price of $22.16.
Based on the consensus recommendation from 4 brokerage firms, Urban Edge Properties (UE, Financial) currently has an average brokerage recommendation of 2.0, giving it an “Outperform” status. The rating scale ranges from 1 to 5, where 1 means strong buy and 5 means sell.
This article created by GuruFocus is intended to provide general insight and is not intended as financial advice. Our commentary is based on historical data and analyst forecasts using an unbiased methodology and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell stocks, and does not take into account your individual investment objectives or financial situation. Our objective is to provide fundamental data-driven analysis over time. Please note that our analysis may not incorporate the latest announcements or qualitative information from price-sensitive companies. GuruFocus has no position in the stocks mentioned herein.
