Prologis Inc reports results for the quarter ended June 30 - Earnings Summary

• Prologis Inc PLD reported quarterly adjusted earnings of 61 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of six analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 60 cents to 67 cents per share.

• Revenue rose 9.3% to $2.03 billion from a year ago; analysts expected $2.08 billion.

• Prologis Inc's reported EPS for the quarter was 61 cents​.

• The company reported quarterly net income of $569.72 million.

• Prologis Inc shares had risen by 3.3% this quarter and gained 2.8% 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, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 8 "hold" and 2 "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 $119.50, about 9.1% above its last closing price of $108.62

This summary was machine generated from LSEG data July 16 at 01:31 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)