Spirit Realty Capital, Inc. (NYSE:SRC) is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.19 per share.
Looking ahead, the full year income are expected at $ 0.26 per share on the revenues of $ 471.97 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.14 ~ $ 3.18 per share
Click Here For More Historical Outlooks Of Spirit Realty Capital, Inc.
Previous Quarter Performance
Spirit Realty Capital, Inc. unfold income for the second quarter of $ 0.71 per share, from the revenue of $ 118.52 million. The quarterly earnings extended 44.90 percent while revenues gained 11.28 percent compared with the same quarter last year.
Street analysts expected Spirit Realty Capital, Inc. to report income of $ 0.22 per share on revenue of $ 113.88 million for the second quarter. The bottom line results beat street analysts by $ 0.49 or 222.73 percent, at the same time, top line results outshined analysts by $ 4.64 million or 4.07 percent.
Stock Performance
On Friday, shares of Spirit Realty Capital, Inc. has traded high as $ 30.86 and has cracked $ 29.40 on the downward trend, reaching $ 30.05 with volume of 682.90 thousand shares.
According to the previous trading day, closing price of $ 30.05, representing a 66.19 % increase from the 52 week low of $ 18.37 and a 44.11 % decrease over the 52 week high of $ 54.63.
The company has a market capital of $ 3.10 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 16th October 2020, initiated by UBS Group at Sell rating, with $ 27.00 target price.
Conference Call
Spirit Realty Capital, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spiritrealty.com
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties.
