STORE Capital Corporation (NYSE:STOR) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, STOR to report 3Q20 income of $ 0.21 per share.
For the full year, analysts anticipate top line of $ 643.19 million, while looking forward to income of $ 0.85 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.05 ~ $ 2.09 per share
Click Here For More Historical Outlooks Of STORE Capital Corporation
Previous Quarter Performance
STORE Capital Corporation outlined income for the second quarter of $ 0.44 per share, from the revenue of $ 168.30 million. The quarterly earnings boosted 46.67 percent while revenues swell 9.29 percent compared with the same quarter last year.
According to street consensus, STOR was expected to report 2Q20 income of $ 0.21 per share from revenue of $ 156.10 million. The bottom line results beat street analysts by $ 0.23 or 109.52 percent, at the same time, top line results outshined analysts by $ 12.20 million or 7.82 percent.
Stock Performance
Shares of STORE Capital Corporation traded low $ -0.16 or -0.58 percent on Wednesday, reaching $ 27.32 with volume of 2.06 million shares. STORE Capital Corporation has traded high as $ 27.55 and has cracked $ 26.73 on the downward trend
The closing price of $ 27.32, representing a 111.38 % increase from the 52 week low of $ 13.00 and a 32.91 % decrease over the 52 week high of $ 40.96.
The company has a market capital of $ 6.92 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 17th September 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating.
Conference Call
STORE Capital Corporation will be hosting a conference call at 12:00 PM eastern time on 5th 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.storecapital.com
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.
