A Sneak Peek At Washington Prime Group Inc. ($WPG) 2Q20 Earnings

Washington Prime Group Inc. (NYSE:WPG) is set to announce second quarter earning results on Monday 10th August 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, WPG to report 2Q20 loss of $ 0.21 per share from revenue of $ 118.96 million.

For the full year, analysts anticipate top line of $ 544.66 million, while looking forward to loss of $ 0.51 per share bottom line.

The Company Outlook

Full Year 2020 bottomline are predicted in a range of $ 0.99 ~ $ 1.07 per share

Click Here For More Historical Outlooks Of Washington Prime Group Inc.

Previous Quarter Performance

Washington Prime Group Inc. unwinded income for the first quarter of $ 0.22 per share, from the revenue of $ 152.60 million. The quarterly revenues compared with the same quarter last year. According to street consensus, revenue of $ 170.02 million was expected for the first quarter The bottom line results street analysts by $ 0.02 or , at the same time, top line results fell short of analysts by $ 17.42 million or 10.25 percent.

Historical Earnings Performance

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Stock Performance

According to the previous trading day, closing price of WPG was $ 0.74, representing a 32.14 % increase from the 52 week low of $ 0.56 and a 84.22 % decrease over the 52 week high of $ 4.69.

The company has a market capital of $ 138.46 million and is part of the Real Estate sector and REIT – Retail industry.

Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The Company combines a national real estate portfolio with its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S.