Acadia Realty Trust expected to post breakeven results a share - Earnings Preview

Acadia Realty Trust

29/07/2023 03:04

* Acadia Realty Trust  AKR.N   AKR  is expected to show a
fall in
quarterly revenue when it reports  results on August 1. 
    * The Rye New York-based  company is expected to report  a
9.1% decrease in revenue to $73.249 million from $80.56 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Acadia Realty Trust
is
for breakeven results per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Acadia
Realty
Trust is $16​, above​ its last closing price of $15.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.35        0.36       0.40      Beat    12.5
 Dec. 31 2023  0.26        0.26       0.27      Beat    4.4
 Sep. 30 2022  0.27        0.27       0.28      Beat    2.7​
 Jun. 30 2022  0.31        0.30       0.32      Beat    5.9
 ​​Mar.        0.31        0.30       0.33      Beat    8.4
 31 2022                                                
 Dec. 31 2021  0.27        0.27       0.29      Beat    7.5​
 Sep. 30 2021  0.27        0.27       0.27      Met     1.3
 Jun. 30 2021  0.27        0.26       0.30      Beat    13.8
 This summary was machine generated July 29 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated