Agree Realty Corp expected to post earnings of 44  cents a share - Earnings Preview

Agree Realty

03/05/2023 03:02

* Agree Realty Corp  ADC.N   ADC  is expected to show a rise
in
quarterly revenue when it reports  results on May 4. 
    * The Bloomfield Hills Michigan-based  company is expected
to
report  a 22.5% increase in revenue to $120.496 million from
$98.34 million a year ago, according to the mean estimate from
11 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Agree Realty Corp
is for
earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Agree
Realty Corp
is $78.25​, above​ its last closing price of $66.75. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  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. 31 2022  0.96        0.94       0.97      Beat    2.8
 ​​Dec.        0.92        0.93       0.92      Missed  -0.6
 31 2021                                                
 Sep. 30 2021  0.89        0.89       0.92      Beat    3.2​
 Jun. 30 2021  0.88        0.88       0.89      Beat    1.2
 Mar. 31 2021  0.83        0.83       0.84      Beat    1.1
 This summary was machine generated May 3 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated