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

Agree Realty

02/08/2023 01:11

* Agree Realty Corp  ADC.N  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
43 cents per share.
    * Revenue rose 23.9% to $129.90 million from a year ago;
analysts
expected $128.11 million. 
    * Agree Realty Corp's reported EPS for the quarter was 42
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Agree Realty Corp shares had fallen by 0.9% this
quarter and
lost 8.7% so far this year.
    * The company reported quarterly net income of $39.01
million.
    * Wall Street's median 12-month price target for Agree
Realty Corp
is $76.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 12:11 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.98           0.98           Met
 Mar. 31 2023      0.96           0.98           Beat
 Dec. 31 2022      0.94           0.96           Beat
 Sep. 30 2022      0.96           0.97           Beat