Exploring Alexandria Real Estate's Earnings Expectations
Portfolio Pulse from Benzinga Insights
Alexandria Real Estate (NYSE:ARE) is set to announce its quarterly earnings on October 21, 2024, with analysts estimating an EPS of $2.37. Investors are keen on not just an earnings beat but also positive guidance for future growth. Despite a previous EPS beat, the stock price dropped, highlighting the importance of guidance. The stock has risen 28.99% over the past year, and analysts have a Neutral rating with a price target of $128.88, suggesting a 6.29% upside.
October 18, 2024 | 6:18 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Alexandria Real Estate is expected to announce its earnings with an EPS estimate of $2.37. Investors are focused on both the earnings result and future guidance. The stock has shown a 28.99% increase over the past year, and analysts have a Neutral rating with a price target of $128.88.
The upcoming earnings announcement is crucial for ARE, with a focus on both EPS results and future guidance. Despite a previous EPS beat, the stock price dropped, indicating that guidance is a significant factor for investors. The stock's positive performance over the past year and the Neutral analyst rating with a modest upside suggest a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100