Get ready to discover the eagerly anticipated third quarter financial results of Agree Realty Corporation (NYSE: ADC) on Tuesday 22nd October 2024. This significant announcement is scheduled to take place after market close, giving investors and analysts a chance to gain valuable insights into the company's financial performance.
Wall Street financial analysts are foreseeing that the firm is likely to announce an estimated per share $0.43 profit for the quarter. Furthermore, it is anticipated that the company will disclose a total revenue of $150.81 million during the quarter.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $1. This numbers can be credited to the company's total revenue, which amounted to an impressive $136.81 million during the same quarter.
The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $598.34 million for the full year. Moreover, they anticipate the earnings per share to reach profit of $1.8 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.04 | +6.1% | 152.57 M | +17.5% |
| Q1 2024 | $1.03 | +5.1% | 149.45 M | +18.0% |
| Q4 2023 | $1.00 | +5.3% | 144.17 M | +23.7% |
| Q3 2023 | $1.00 | +4.2% | 136.81 M | +24.3% |
| Q2 2023 | $0.98 | +1.0% | 129.90 M | +23.9% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 23rd October 2024 at 09:00 AM eastern time to discuss Q3 financial results.
The previous trading day saw Agree Realty (ADC) shares trading between $75.24 and $76.11, besides a volume of 1.11 million shares. The stock closed Friday's regular trading session at $75.58, indicating 0.41 percent decline.
