Agree Realty Corp expected to post earnings of 46 cents a share - Earnings Preview

Agree Realty

10/02/2024 24:00

* Agree Realty Corp  ADC.N   ADC  is expected to show a rise
in
quarterly revenue when it reports  results on February 13 for
the period ending December 31 2023
    * The Royal Oak Michigan-based  company is expected to
report a
19.7% increase in revenue to $139.542 million from $116.53
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Agree Realty Corp is for
earnings of 46 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 $67.00​, above​ its last closing price of $57.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.99        0.99       0.99      Met     0.2
 Jun. 30 2023  0.98        0.98       0.98      Met     0.1
 Mar. 31 2023  0.96        0.96       0.98      Beat    1.7​
 Dec. 31 2022  0.94        0.94       0.96      Beat    1.7
 ​​Sep.        0.97        0.96       0.97      Beat    0.6
 30 2022                                                
 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
 This summary was machine generated February 10 at 00:00 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)