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

Agree Realty

25/10/2023 04:54

* Agree Realty Corp  ADC.N  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended in September. The
mean expectation of five analysts for the quarter was
for earnings of 42 cents per share.
    * Revenue rose 24.3% to $136.81 million from a year ago;
analysts
expected $133.08 million. 
    * Agree Realty Corp's reported EPS for the quarter was 41
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 fallen by 2.2% this
quarter and
lost 23.9% so far this year.
    * The company reported quarterly net income of $39.66
million.
    * Wall Street's median 12-month price target for Agree
Realty Corp
is $69.13 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 03:54 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.99           0.99           Met
 Jun. 30 2023      0.98           0.98           Met
 Mar. 31 2023      0.96           0.98           Beat
 Dec. 31 2022      0.94           0.96           Beat