Site Centers Corp Up 1.73% To $14.13 After Earnings

Site Centers Corp (SITC) said before open Tuesday that it earned $0.26 per share in quarter four 2023.

On the revenue line, the company reported $123.2 million, missing estimates by $6.4 million.

In the same quarter a year ago, the company earned $0.29 per share on revenue of $136.4 million.

The stock is up 1.73% to $14.13 after the report.

Site Centers Corp's profit margins took a hit as earnings fell at a faster pace than revenues.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Site Centers Corp a Bullish Sentiment Rank from InvestorsObserver.

Site Centers Corp has performed a little above average during the past few months. Before the report, Site Centers Corp received a Long-Term Technical Rank by InvestorsObserver of 67, putting it in the top half of stocks. The firm was recently trading at a 52-week high of $14.71 on December 14, 2023 and set a 52-week low on October 31, 2023 at $10.88.

SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is the owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers.