Simon Property Group set to report quarterly earnings with expectations for $3.01 EPS

Simon Property Group will announce its quarterly earnings on November 1, 2024. Analysts expect earnings per share (EPS) of $3.01. Investors are hopeful for results that exceed estimates and positive guidance for the next quarter. In the previous quarter, Simon missed EPS estimates by $0.02, but shares rose 5.06% afterward. Currently, shares are trading at $172.08, up 45.34% over the past year, indicating positive sentiment among long-term investors. Analysts rate Simon Property Group as Neutral, with a one-year price target of $162.61, suggesting a potential downside. The company ranks well in gross profit but lags in revenue growth compared to peers in the real estate sector.