Kite Realty Group Trust Earnings: Everything You Must Know Now
Kite Realty Group Trust (NYSE:KRG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Kite Realty Group Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 55.56% to $0.14 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 21.5% to $32.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Kite Realty Group Trust reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $26.76 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 74.84% from $18.36 million in the previous quarter. EPS increased 40% from $0.10 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.11 and has not changed. For the current year, the average estimate is a profit of $0.45, which is the same with that ninety days ago.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)