General Growth Properties, Inc (NYSE:GGP) is trading up 4.81% versus 12-month low of 23.89 and stands -21.99% lower from its 1-year peak of $32.10. The consensus price target (PT) of $31.32 means that the market expects Company shares to increase by 22.6% in the short run. The sell-side target prices range from $25 to $36. In the last month the stock has moved in price -4.90%, with a one year change of -3.21%. The last trading session volume compares with the 4.37M average and market worth floats around 22.18B.
General Growth Properties, Inc (NYSE:GGP) fell -2.00% to reach at the trading price of $25.04 as it is set to release its next quarterly earnings report on January 30, 2017. General Growth Properties, Inc stock trades in the range of $25.01 to $25.53 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.16 a share with $610.93M in revenue.
General Growth Properties, Inc (GGP) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast General Growth Properties, Inc to earn $0.13 per share (EPS) on revenue of $567.91M. The EPS consensus range is $0.11-$0.15 on revenue between $592.82M and $543M.
While if we look at the Earnings Track Record, General Growth Properties, Inc (GGP) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, General Growth Properties, Inc (GGP) generated $0.35 in earnings per share, beating the consensus estimate of $0.35. Revenues hit $554.49M in the September 2017 quarter, which was below the consensus $559.7M projection. On the other hand, in the June 2017 quarter the company recorded a net $574.59M revenue with earnings per share of $0.36. Wall Street had anticipated $580.42M and $0.36, respectively. For comparison, there was a revenue of $607.03M and EPS of $0.40 in the March 2016 period.
General Growth Properties, Inc (NYSE:GGP) Analyst Insights
The buoyancy in the outlook of General Growth Properties, Inc (GGP) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Outperform. Sandler O’Neill has been covering shares of GGP, so it is most recent view is worth a look. In a research note issued on Jan 09, 2017, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on Oct 14, 2016. Sandler O’Neill Analysts lifted the stock to Buy from Hold.