• Sun Communities Inc SUI.N reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $2.31. The mean expectation of six analysts for the quarter was for earnings of $1.15 per share. Wall Street expected results to range from $1.00 to $1.27 per share.

• Revenue fell 25.8% to $697.20 million from a year ago; analysts expected $707.27 million.

• Sun Communities Inc's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $8.5 million.

• Sun Communities Inc shares had fallen by 5.1% this quarter and gained 2.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy"

• Wall Street's median 12-month price target for Sun Communities Inc is $139.50, about 14.3% above its last closing price of $119.53

This summary was machine generated from LSEG data October 29 at 10:40 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)