Prologis Inc reports results for the quarter ended in March - Earnings Summary

• Prologis Inc PLD reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of seven analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 53 cents to 59 cents per share.

• Revenue rose 11.9% to $1.83 billion from a year ago; analysts expected $1.87 billion.

• Prologis Inc's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $584.26 million.

• Prologis Inc shares had fallen by 11.9% this quarter and lost 13.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Prologis Inc is $145.00

This summary was machine generated from LSEG data April 17 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)