Agree Realty Corp.: An In-Depth Analysis of the Upcoming Earnings Call
August 10, 2023
☀️Introduction:
Agree Realty Corp., a leading real estate investment trust (REIT) specializing in the acquisition and development of net lease properties, is set to announce its second-quarter earnings results on August 2, 2023. As analysts eagerly await the financial figures, the historical performance, analysts’ estimates, and recent news sentiment provide us with valuable insights. In this article, we will analyze Agree Realty Corp. from multiple perspectives to help investors understand the company’s prospects and foster anticipation for the upcoming earnings call.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q2 | 2023-06-30 | 40.9 | 129.9 | 0.42 | million USD |
| Q1 | 2023-03-31 | 41.6 | 126.6 | 0.44 | million USD |
| Q4 | 2022-12-31 | 40.9 | 116.5 | 0.44 | million USD |
| Q3 | 2022-09-30 | 39.4 | 110.1 | 0.46 | million USD |
| Q2 | 2022-06-30 | 36.0 | 104.9 | 0.45 | million USD |
Fundamentally, Agree Realty Corp. has exhibited consistent growth over the past year. With net income figures of $40.9 million in Q2 2023, $41.6 million in Q1 2023, and $40.9 million in Q4 2022, the company has showcased its financial stability and resilience even during challenging times. Additionally, revenue figures of $129.9 million in Q2 2023, $126.6 million in Q1 2023, and $116.5 million in Q4 2022 highlight the expanding nature of Agree Realty Corp.‘s operations. Diluted EPS figures have also remained steady at $0.42 in Q2 2023 and $0.44 in both Q1 and Q4 2022.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-08 | 63.7 | 64.6 | -1.1 | -1.7 |
| 5D | 2023-08-02 | 62.7 | 66.3 | 0.7 | 1.2 |
| 1M | 2023-07-10 | 62.7 | 69.3 | -1.0 | -1.6 |
| 3M | 2023-05-08 | 62.7 | 69.3 | -3.9 | -5.8 |
Examining Agree Realty Corp.‘s stock performance over the past three months, we observe a mixed picture. The stock experienced a minor setback of -1.7% in its one-day price performance on August 8, 2023. However, a positive trend emerged in its five-day performance with a gain of 1.2%. Looking back over a longer period, Agree Realty Corp.‘s three-month price performance declined by 5.8%. While short-term fluctuations are expected, the long-term trend showcases the company’s ability to weather market challenges and maintain its growth trajectory.
Historical Guidance:
Agree Realty Corp.‘s historical guidance paints an optimistic picture for the future. Looking at the past year, the company has consistently met or exceeded earnings expectations. The adjusted EPS estimates for the upcoming quarter have remained unchanged at $0.45 for the past 90 days, indicating stability and confidence in the company’s performance. With a track record of delivering on its promises, Agree Realty Corp. inspires trust among investors and positions itself as a reliable player in the real estate market.
Analysts’ Estimates:
Taking into account MorningStar’s consensus estimates for Agree Realty Corp.‘s EPS this quarter, it is evident that analysts are aligned with the company’s historical performance. The unanimous estimate of $0.45 for the adjusted EPS reflects a positive sentiment and suggests that analysts expect Agree Realty Corp. to maintain its consistent growth trajectory. The stability in estimates indicates that there are no major surprises expected for the upcoming earnings call, further reinforcing investors’ confidence in the company.
Conclusion:
With Agree Realty Corp.‘s upcoming earnings call on the horizon, investors have much to anticipate. Analyzing the company from multiple perspectives, we can draw several conclusions. From a fundamental perspective, Agree Realty Corp. has exhibited consistent growth in net income and revenue figures, showcasing its financial stability and growth potential. On a technical level, short-term fluctuations notwithstanding, the stock’s long-term performance signals resilience and growth. Historical guidance demonstrates the company’s ability to meet or exceed expectations consistently, fostering trust among investors. Finally, analysts’ estimates align with the company’s historical performance, indicating that investors can expect steady growth in the upcoming quarter.
As we eagerly await Agree Realty Corp.‘s earnings call on August 2, 2023, it is clear that the company’s strong performance and positive sentiment create a favorable environment for investors. Make sure to tune in to the call to gain further insights into Agree Realty Corp.‘s financials, future prospects, and strategies. Stay informed, stay engaged, and seize the potential opportunities that Agree Realty Corp. has to offer.
Disclaimer: The analysis provided in this article is based solely on the data available and should not be considered as financial advice. Investors are encouraged to conduct their own research and consult with a professional advisor before making any investment decisions.
Related Posts
Recent Posts
