Earnings Estimates Under Review: Simon Property Group Inc. (SPG)

The shares of Simon Property Group Inc. (NYSE:SPG) currently has mean rating of 1.74 while 9 analysts have recommended the shares as “BUY”, 11 recommended as “OUTPERFORM” and 13 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.35B by 2 analysts. The means estimate of sales for the year ending Dec-16 is 5.48B by 5 analysts.

The mean price target for the shares of Simon Property Group Inc. (SPG) is at 228.95 while the highest price target suggested by the analysts is 254.00 and low price target is 195.00. The mean price target is calculated keeping in view the consensus of 19 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Simon Property Group Inc. (SPG) stands at 2.62 while the EPS for the current year is fixed at 10.87 by 21 analysts.

The next one year’s EPS estimate is set at 11.76 by 21 analysts while a year ago the analysts suggested the company’s EPS at 10.87. The analysts also projected the company’s long-term growth at 7.75% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Simon Property Group Inc. (SPG) reported earnings of $2.63. The posted earnings topped the analyst’s consensus by $0.09 with the surprise factor of 3.50%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 9, 2016 Simon Property Group Inc. (SPG) Simon Premium Outlets announced that it has been named the exclusive retail sponsor for Demi Lovato and Nick Jonas’ upcoming ‘Honda Civic Tour: Future Now’. The tour, taking place at more than 40 venues in the U.S. and Canada, kicks off in June and ends in September.

“We are so excited to be part of the biggest national music event of the summer,” said Stephen Yalof, CEO of Simon Premium Outlets. “This sponsorship was a natural as the tour’s North American stops align with the locations of our Premium Outlets. We look forward to hosting numerous tour related events on property that will entertain and delight our loyal shoppers and introduce our centers to a whole new set of shoppers.”