Phillips Edison's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Phillips Edison (NASDAQ:PECO) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $0.56. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to a rise in share price. Shares of Phillips Edison were trading at $34.59 as of July 28, with a 52-week increase of 5.77%.
July 31, 2023 | 7:08 pm
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Phillips Edison is expected to report an EPS of $0.56 in its upcoming earnings. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to a rise in share price.
Phillips Edison has a history of beating EPS estimates, which is generally a positive sign. However, the company's share price has not consistently risen following these beats, indicating that other factors, such as guidance, may have a greater impact on the stock's performance. Given this, the upcoming earnings report could have a neutral impact on the stock in the short term.
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