$161.11
0.13% today
NYSE, Dec 30, 10:00 pm CET
ISIN
US2772761019
Symbol
EGP

EastGroup Properties, Inc. Target price 2024 - Analyst rating & recommendation

EastGroup Properties, Inc. Classifications & Recommendation:

Buy
58%
Hold
42%

EastGroup Properties, Inc. Price Target

Target Price $197.47
Price $161.32
Potential
Number of Estimates 17
17 Analysts have issued a price target EastGroup Properties, Inc. 2025 . The average EastGroup Properties, Inc. target price is $197.47. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 19 analysts: 11 Analysts recommend EastGroup Properties, Inc. to buy, 8 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the EastGroup Properties, Inc. stock has an average upside potential 2025 of . Most analysts recommend the EastGroup Properties, Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 572.11 641.94
17.44% 12.21%
EBITDA Margin 69.78% 69.44%
1.11% 0.49%
Net Margin 38.02% 35.04%
13.68% 7.83%

11 Analysts have issued a sales forecast EastGroup Properties, Inc. 2024 . The average EastGroup Properties, Inc. sales estimate is

$642m
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. This is
2.19% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$647m 2.97%
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, the lowest is
$638m 1.58%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $572m 17.44%
2024
$642m 12.21%
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2025
$713m 10.99%
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2026
$784m 10.01%
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2027
$978m 24.77%
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2028
$1.1b 11.41%
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12 Analysts have issued an EastGroup Properties, Inc. EBITDA forecast 2024. The average EastGroup Properties, Inc. EBITDA estimate is

$446m
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. This is
2.72% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$450m 3.59%
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, the lowest is
$440m 1.48%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $399m 18.74%
2024
$446m 11.66%
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2025
$504m 13.01%
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2026
$562m 11.57%
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2027
$615m 9.36%
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EBITDA Margin

2023 69.78% 1.11%
2024
69.44% 0.49%
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2025
70.70% 1.81%
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2026
71.70% 1.41%
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2027
62.85% 12.34%
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3 EastGroup Properties, Inc. Analysts have issued a net profit forecast 2024. The average EastGroup Properties, Inc. net profit estimate is

$225m
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. This is
5.56% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$229m 3.87%
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, the lowest is
$217m 8.88%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $218m 1.38%
2024
$225m 3.42%
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2025
$238m 5.67%
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2026
$264m 11.27%
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Net Margin

2023 38.02% 13.68%
2024
35.04% 7.83%
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2025
33.36% 4.79%
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2026
33.74% 1.14%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 4.42 4.57
1.38% 3.39%
P/E 35.29
EV/Sales 14.99

3 Analysts have issued a EastGroup Properties, Inc. forecast for earnings per share. The average EastGroup Properties, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$4.57
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. This is
5.58% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$4.65 3.93%
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, the lowest is
$4.41 8.88%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $4.42 1.38%
2024
$4.57 3.39%
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2025
$4.83 5.69%
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2026
$5.37 11.18%
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P/E ratio

Current 33.31 28.44%
2024
35.29 5.94%
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2025
33.40 5.36%
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2026
30.02 10.12%
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Based on analysts' sales estimates for 2024, the EastGroup Properties, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

14.99
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
12.44
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 15.31 17.11%
2024
14.99 2.12%
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2025
13.50 9.91%
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2026
12.27 9.10%
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2027
9.84 19.85%
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2028
8.83 10.24%
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P/S ratio

Current 12.71 17.42%
2024
12.44 2.14%
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2025
11.21 9.91%
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2026
10.19 9.10%
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2027
8.17 19.85%
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2028
7.33 10.24%
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