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Unlocking Q3 Potential of Agree Realty (ADC): Exploring Wall Street Estimates for Key Metrics
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In its upcoming report, Agree Realty (ADC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.03 per share, reflecting an increase of 3% compared to the same period last year. Revenues are forecasted to be $152.4 million, representing a year-over-year increase of 11.4%.
The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Agree Realty metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Revenues- Rental income' should come in at $152.09 million. The estimate suggests a change of +11.2% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Rental income- Operating cost reimbursement' of $15.70 million. The estimate points to a change of +8.2% from the year-ago quarter.
Analysts forecast 'Depreciation and amortization' to reach $51.56 million. Compared to the present estimate, the company reported $45.63 million in the same quarter last year.
Over the past month, Agree Realty shares have recorded returns of +1.5% versus the Zacks S&P 500 composite's +4.5% change. Based on its Zacks Rank #3 (Hold), ADC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Unlocking Q3 Potential of Agree Realty (ADC): Exploring Wall Street Estimates for Key Metrics
In its upcoming report, Agree Realty (ADC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.03 per share, reflecting an increase of 3% compared to the same period last year. Revenues are forecasted to be $152.4 million, representing a year-over-year increase of 11.4%.
The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Agree Realty metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Revenues- Rental income' should come in at $152.09 million. The estimate suggests a change of +11.2% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Rental income- Operating cost reimbursement' of $15.70 million. The estimate points to a change of +8.2% from the year-ago quarter.
Analysts forecast 'Depreciation and amortization' to reach $51.56 million. Compared to the present estimate, the company reported $45.63 million in the same quarter last year.
View all Key Company Metrics for Agree Realty here>>>
Over the past month, Agree Realty shares have recorded returns of +1.5% versus the Zacks S&P 500 composite's +4.5% change. Based on its Zacks Rank #3 (Hold), ADC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>