Franklin Street Properties Corp. (AMEX:FSP) is set to announce third quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FSP to report 3Q20 loss of $ 0.01 per share.
For the full year, analysts anticipate top line of $ 246.15 million, while looking forward to loss of $ 0.05 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.81 ~ $ 0.87 per share
Click Here For More Historical Outlooks Of Franklin Street Properties Corp.
Previous Quarter Performance
Franklin Street Properties Corp. outlined income for the second quarter of $ 0.19 per share, from the revenue of $ 60.81 million. The quarterly earnings improved 850.00 percent while revenues declined 7.15 percent compared with the same quarter last year. The consensus estimates are $ 63.02 million in revenue The top line results fell short of analysts by $ 2.21 million or 3.51 percent.
Stock Performance
Shares of Franklin Street Properties Corp. traded up $ 0.01 or 0.24 percent on Monday, reaching $ 4.21 with volume of 433.40 thousand shares. Franklin Street Properties Corp. has traded high as $ 4.33 and has cracked $ 4.04 on the downward trend
The closing price of $ 4.21, representing a 25.75 % increase from the 52 week low of $ 3.34 and a 53.18 % decrease over the 52 week high of $ 8.97.
The company has a market capital of $ 451.85 million and is part of the Real Estate sector and REIT – Office industry.
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.
