On May, 3 Analysts See $0.38 EPS for Seritage Growth Properties (SRG)

April 16, 2018 - By Kyle Williams

On May, 3 WallStreet awaited Seritage Growth Properties (NYSE:SRG)’s earnings report, according to Faxor. Analysts forecast $0.38 EPS, which is $0.10 down or 20.83 % from 2017’s $0.48 EPS. If the current EPS of $0.38 is accurate, SRG’s profit could hit $21.50 million. Wall Street now predicts 80.95 % EPS growth despite Seritage Growth Properties last quarter’s EPS of $0.21. Its shares touched $35.44 on during the last trading session after 0.46% change.Seritage Growth Properties has volume of 25,368 shares. Since April 16, 2017 SRG has declined 17.63% and is downtrending. SRG underperformed the S&P500 by 29.18%.

Seritage Growth Properties (NYSE:SRG) Ratings Coverage

In total 2 analysts cover Seritage Growth Properties (NYSE:SRG). “Buy” rating has 0, “Sell” are 1, while 1 are “Hold”. 0 are bullish. 6 are the (NYSE:SRG)’s analyst reports since November 2, 2017 according to StockzIntelligence Inc. On Monday, March 26 the firm earned “Hold” rating by RBC Capital Markets. On Thursday, November 2 the stock of Seritage Growth Properties (NYSE:SRG) has “Hold” rating given by RBC Capital Markets. On Tuesday, November 21 the rating was maintained by Boenning & Scattergood with “Sell”. On Thursday, March 8 the rating was maintained by Boenning & Scattergood with “Sell”. In Friday, December 15 report Boenning & Scattergood maintained it with “Sell” rating and $38.0 target. On Wednesday, November 29 the firm earned “Hold” rating by RBC Capital Markets.

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 230 wholly-owned properties and 28 joint venture properties totaling over 40 million square feet of space across 49 states and Puerto Rico.The company has $2.01 billion market cap. The Firm was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.Currently it has negative earnings. Pursuant to a master lease, the Company has the right to recapture certain space from Sears Holdings for retenanting or redevelopment purposes.

Seritage Growth Properties (NYSE:SRG) Analyst Ratings Chart

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