Agree Realty Corp reports results for the quarter ended in December - Earnings Summary

Agree Realty

14/02/2023 22:02

* Agree Realty Corp  ADC.N  reported quarterly adjusted
earnings
of 44 cents​​ per share for the quarter ended in December. The
mean expectation of five analysts for the quarter was
for earnings of 42 cents per share.
    * Revenue rose 27.5% to $116.53 million from a year ago;
analysts
expected $115.09 million. 
    * Agree Realty Corp's reported EPS for the quarter was 44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Agree Realty Corp shares had risen by 2.8% this quarter.
    * The company reported quarterly net income of $39.07
million.
    * Wall Street's median 12-month price target for Agree
Realty Corp
is $77.38 
    * 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." 

This summary was machine generated from Refinitiv data February
14 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.94           0.96           Beat
 Sep. 30 2022      0.96           0.97           Beat
 Jun. 30 2022      0.97           0.98           Beat
 Mar. 31 2022      0.94           0.97           Beat