A Peek at Agree Realty's Future Earnings

Agree Realty (NYSE:ADC) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Agree Realty will report an earnings per share (EPS) of $1.03.

Agree 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).

Performance in Previous Earnings

The company's EPS beat by $0.01 in the last quarter, leading to a 1.74% increase in the share price on the following day.

Here's a look at Agree Realty's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.03

1.01

EPS Actual

1.04

1.03

1

1

Price Change %

2.0%

1.0%

-2.0%

-1.0%

Market Performance of Agree Realty's Stock

Shares of Agree Realty were trading at $75.58 as of October 18. Over the last 52-week period, shares are up 37.18%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Agree Realty

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Agree Realty.

Agree Realty has received a total of 10 ratings from analysts, with the consensus rating ...