What's Next: Rexford Industrial Realty's Earnings Preview
Portfolio Pulse from Benzinga Insights
Rexford Industrial Realty (NYSE:REXR) is set to announce its quarterly earnings on October 16, 2024. Analysts estimate an EPS of $0.58. The company's past performance shows mixed reactions to earnings beats, with guidance being a crucial factor for stock price movements. Rexford has a consensus 'Outperform' rating with a 16.55% potential upside. The company leads in revenue growth and gross profit among peers but has the lowest return on equity.
October 15, 2024 | 2:01 pm
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Rexford Industrial Realty is expected to announce its earnings with an EPS estimate of $0.58. The company's stock price may be influenced more by the guidance provided than the actual earnings result. Analysts have given it an 'Outperform' rating with a potential 16.55% upside.
The upcoming earnings announcement is crucial for REXR as it could affect the stock price based on whether the company meets or exceeds the EPS estimate of $0.58. However, the guidance provided will likely have a more significant impact on the stock's short-term movement. The 'Outperform' rating and potential upside suggest positive sentiment, but past performance shows mixed reactions to earnings beats.
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