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Stock impact report

City Developments Limited Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]

CITY DEVELOPMENTS S/ADR (CDEVY) 
NASDAQ:AMEX Investor Relations: ir.cdl.com.sg
Company Research Source: Yahoo! Finance
City Developments beat revenue forecasts by a solid 19% to hit S$4.9b. Statutory earnings per share fell 15% short of expectations, at S$0.33. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. See our latest analysis for City Developments Taking into account the latest results, the eleven analysts covering City Developments provided consensus estimates of S$3.83b revenue in 2024, which would reflect a disturbing 23% decline over the past 12 months. Per-share earnings are expected to accumulate 7.5% to S$0.38. In the lead-up to this report, the analysts had been modelling revenues of S$3.53b and earnings per share (EPS) of S$0.44 in 2024. While next year's revenue estimates increased, there was also a substa Show less Read more
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