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

Agree Realty

19/04/2024 23:16

* Agree Realty Corp  ADC.N   ADC  is expected to show a rise
in
quarterly revenue when it reports  results on April 23 for the
period ending March 31 2024
    * The Royal Oak Michigan-based  company is expected to
report a
15.7% increase in revenue to $146.462 million from $126.62
million a year ago, according to the mean estimate from 11
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 13 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Agree
Realty Corp
is $65.50​, above​ its last closing price of $56.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.00        1.00       0.99      Missed  -0.5
 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.        0.94        0.94       0.96      Beat    1.7
 31 2022                                                
 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
 This summary was machine generated April 19 at 22:15 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)