Boston Properties, Inc. (NYSE:BXP) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, BXP is expected to report 3Q20 income of $ 0.53 per share from revenue of $ 672.72 million.
For the full year, analysts anticipate top line of $ 2750.27 million, while looking forward to income of $ 5.97 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.47 ~ $ 7.65 per share
Click Here For More Historical Outlooks Of Boston Properties, Inc.
Previous Quarter Performance
Boston Properties, Inc. disclosed income for the second quarter of $ 1.52 per share, from the revenue of $ 654.77 million. The quarterly earnings raised 43.40 percent while revenues shrunk 10.76 percent compared with the same quarter last year.
Street analysts expected Boston Properties, Inc. to report income of $ 0.50 per share on revenue of $ 724.37 million for the second quarter. The bottom line results beat street analysts by $ 1.02 or 204.00 percent, at the same time, top line results fell short of analysts by $ 69.6 million or 9.61 percent.
Stock Performance
Shares of Boston Properties, Inc. traded up $ 0.45 or 0.58 percent on Friday, reaching $ 77.67 with volume of 501.40 thousand shares. Boston Properties, Inc. has traded high as $ 78.24 and has cracked $ 76.82 on the downward trend
According to the previous trading day, closing price of $ 77.67, representing a 7.89 % increase from the 52 week low of $ 71.57 and a 47.76 % decrease over the 52 week high of $ 147.83.
The company has a market capital of $ 12.09 billion and is part of the Real Estate sector and REIT – Office industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Evercore ISI to In-Line from Outperform rating
- On 16th October 2020, initiated by UBS Group at Neutral rating, with $ 83.00 target price.
- On 23rd September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 100.00 target price.
Boston Properties (NYSE: BXP) is the largest publicly-held developer and owner of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), that develops, manages, operates, acquires and owns a diverse portfolio of primarily Class A office space. The Companys portfolio totals 50.9 million square feet and 193 properties, including eleven properties under construction.
