Agree Realty Corp expected to post earnings of 42cents a share - Earnings Preview

Agree Realty

10/02/2023 23:08

* Agree Realty Corp  ADC.N   ADC  is expected to show a rise
in
quarterly revenue when it reports  results on February 14. 
    * The Bloomfield Hills Michigan-based  company is expected
to
report  a 25.9% increase in revenue to $115.093 million from
$91.41 million a year ago, according to the mean estimate from
10 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Agree Realty Corp
is for
earnings of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 3
"hold" and no "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 Agree
Realty Corp
is $77.38​, above​ its last closing price of $72.68. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.97        0.96       0.97      Beat    0.6
 Jun. 30 2022  0.97        0.97       0.98      Beat    1.5
 Mar. 31 2022  0.96        0.94       0.97      Beat    2.8​
 Dec. 31 2021  0.92        0.93       0.92      Missed  -0.6
 ​​Sep.        0.89        0.89       0.92      Beat    3.2
 30 2021                                                
 Jun. 30 2021  0.88        0.88       0.89      Beat    1.2​
 Mar. 31 2021  0.83        0.83       0.84      Beat    1.1
 Dec. 31 2020  0.83        0.82       0.84      Beat    2.6
 This summary was machine generated February 10 at 23:08 GMT. 
All figures in US dollars  unless otherwise stated