W.P. Carey's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
W.P. Carey (NYSE:WPC) is set to announce its quarterly earnings on October 29, 2024. Analysts estimate an EPS of $1.18. The company's past performance shows mixed results, with a recent EPS miss leading to a 4.92% drop in share price. Analysts have a Neutral rating with a price target of $61.71, indicating a potential 7.73% upside. W.P. Carey shows strong net margins and effective debt management but faces challenges in revenue growth.
October 28, 2024 | 6:01 pm
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W.P. Carey is expected to announce its earnings with an estimated EPS of $1.18. The company's past performance shows mixed results, with a recent EPS miss leading to a 4.92% drop in share price. Analysts have a Neutral rating with a price target of $61.71, indicating a potential 7.73% upside. The company's strong net margins and effective debt management are positive, but it faces challenges in revenue growth.
The upcoming earnings announcement is crucial for W.P. Carey, with analysts expecting an EPS of $1.18. The company's past performance has shown that missing EPS estimates can lead to significant stock price drops, as seen with a 4.92% decline after the last miss. The Neutral analyst rating and price target suggest moderate optimism, but the company's revenue growth challenges could weigh on investor sentiment. The strong net margins and effective debt management are positives that may support the stock price.
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IMPORTANCE 80
RELEVANCE 100