Agree Realty Corp expected to post earnings of 43  cents a share - Earnings Preview

Agree Realty

29/07/2023 02:08

* Agree Realty Corp  ADC.N   ADC  is expected to show a rise
in
quarterly revenue when it reports  results on August 1. 
    * The Royal Oak Michigan-based  company is expected to
report  a
22.2% increase in revenue to $128.107 million from $104.88
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 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 2
"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 $76​, above​ its last closing price of $65.68. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.96        0.96       0.98      Beat    1.6
 Dec. 31 2023  0.94        0.94       0.96      Beat    1.7
 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.        0.96        0.94       0.97      Beat    2.8
 31 2022                                                
 Dec. 31 2021  0.92        0.93       0.92      Missed  -0.6​
 Sep. 30 2021  0.89        0.89       0.92      Beat    3.2
 Jun. 30 2021  0.88        0.88       0.89      Beat    1.2
 This summary was machine generated July 29 at 01:08 GMT.  All
figures in US dollars  unless otherwise stated