Phillips Edison & Company, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Phillips Edison & Company, Inc. reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of six analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 15 cents to 21 cents per share.

• Revenue rose 5.7% to $193.09 million from a year ago; analysts expected $191.74 million.

• Phillips Edison & Company, Inc.'s reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $62.68 million.

• Phillips Edison & Company, Inc. shares had risen by 2.7% this quarter and gained 7.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Phillips Edison & Company, Inc. is $43.00, about 10.8% above its last closing price of $38.36

This summary was machine generated from LSEG data October 26 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)