Prologis, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Prologis, Inc. PLD.N reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of two analysts for the quarter was for earnings of 81 cents per share.

• Revenue rose 16.2% to $2.39 billion from a year ago; analysts expected $2.28 billion.

• Prologis, Inc.'s reported EPS for the quarter was 86 cents​.

• The company reported quarterly net income of $815.73 million.

• Prologis, Inc. shares had risen by 0.5% this quarter and gained 2.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 5 "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 Prologis, Inc. is $159.50, about 18.2% above its last closing price of $130.46

This summary was machine generated from LSEG data October 15 at 01:33 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)