Market Overview

Earnings Preview For Taubman Centers

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Taubman Centers (NYSE: TCO) will be releasing its next round of earnings Thursday. For all of the relevant information, here is your guide for Thursday's Q4 earnings announcement.

Earnings and Revenue

Taubman Centers earnings will be near 27 cents per share on sales of $164.2 million, according to analysts.

In the same quarter last year, Taubman Centers announced earnings of $1.01 per share on revenue of $166 million. Sales would be down 1.17 percent from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.24   0.23  
EPS Actual 0.83 0.92 0.92 1.01

 

Q4 EPS Estimate: 27 cents per share
Q4 Revenues Estimate: $164 million

Stock Performance

Shares of Taubman Centers were trading around $55.94. Over the last 52-week period, shares are down 20.6 percent. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. The average rating by analysts on Taubman Centers stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Posted-In: Earnings News Previews Trading Ideas

 

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