The shares of BRX will be posting an EPS of $1.71 for the entire year, according to forecasts by Truist Securiti, as reports have been sent out to clients on the 30th of December. K. Kim, the analyst from Truist Securiti, has forecasted that the real estate company would be posting an EPS of $1.71 for this year, from a previous prediction of $1.69. The company has also issued estimates regarding the FY2022 earnings of the company at $1.80 EPS, the FY2023 earnings at around $1.87 EPS, and an FY2024 EPS of $1.95. The stocks of BRX previously issued their quarterly earnings data on the 9th of November.
The Quarterly Earnings of BRX
BRX reported an EPS of $0.09 for the previous quarter, as they missed out on the consensus estimate placed by Thomson Reuters at around $0.40. The revenue earned by the firm was $253.90 million, which lost to the analyst expectations of $270.86 million. The company has a return on equity of around 6.07%, with a net margin of 14.75%.
The stocks of BRX have been the subject of quite a few research reports by research equities. The Bank of America has already increased the price objective on the stocks from a rating of $13.50 to a rating of $15.50, while giving the stocks a rating of neutral in a 16th November research report. TheStreet also increased the rating of the company from d+ to a rating of c-. Wells Fargo & Company also decreased the rating of the company from ‘overweight’ to a rating of ‘equal weight’, while setting a price target of $17 on the stocks of the company. ValuEngine has increased the rating of BRX from sell to hold in a 10th November research report.
Two equities analysts working on the stocks of the company gave it a rating of sell, while ten of them have given it a rating of hold. The average rating of BRX is hold, with a price target of $15.53.
