Rexford Industrial Realty (NYSE:REXR) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-16. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Rexford Industrial Realty will report an earnings per share (EPS) of $0.58.
Rexford Industrial Realty bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
In the previous earnings release, the company beat EPS by $0.02, leading to a 1.71% drop in the share price the following trading session.
Here's a look at Rexford Industrial Realty's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.58
0.57
EPS Actual
0.60
0.58
0.56
0.56
Price Change %
-2.0%
2.0%
-3.0%
-5.0%
Market Performance of Rexford Industrial Realty's Stock
Shares of Rexford Industrial Realty were trading at $47.31 as of October 14. Over the last 52-week period, shares are up 0.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Take on Rexford Industrial Realty
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Rexford Industrial Realty.
With 7 analyst ratings, Rexford Industrial Realty has a consensus rating of Outperform. ...
