A Peek at Agree Realty's Future Earnings
Portfolio Pulse from Benzinga Insights
Agree Realty (NYSE:ADC) is set to announce its quarterly earnings on October 22, 2024, with analysts estimating an EPS of $1.03. Investors are keen on not just an earnings beat but also positive future guidance. The company's past performance shows a tendency for stock price increases following earnings beats. Analysts rate Agree Realty as 'Outperform' with a slight potential upside. The company shows strong revenue growth but has challenges with return on equity and asset utilization.
October 21, 2024 | 4:00 pm
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Agree Realty is expected to announce its earnings with an EPS estimate of $1.03. Investors are looking for not just an earnings beat but also positive guidance. The stock has shown price increases following past earnings beats. Analysts rate it as 'Outperform' with a slight potential upside.
Agree Realty's upcoming earnings announcement is crucial as investors are not only looking for an EPS beat but also positive guidance. Historically, the stock has reacted positively to earnings beats, as seen in the last quarter with a 1.74% price increase. The 'Outperform' rating and slight potential upside suggest a positive sentiment, which could lead to a short-term price increase if expectations are met or exceeded.
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IMPORTANCE 80
RELEVANCE 100