W.P. Carey's Earnings: A Preview

W.P. Carey (NYSE:WPC) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.

Analysts are estimating that W.P. Carey will report an earnings per share (EPS) of $1.18.

W.P. Carey 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 Track Record

Last quarter the company missed EPS by $0.00, which was followed by a 4.92% drop in the share price the next day.

Here's a look at W.P. Carey's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.17

1.19

EPS Actual

1.17

1.14

1.19

1.32

Price Change %

-5.0%

-0.0%

-6.0%

-1.0%

Market Performance of W.P. Carey's Stock

Shares of W.P. Carey were trading at $57.28 as of October 25. Over the last 52-week period, shares are up 9.57%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on W.P. Carey

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on W.P. Carey.

A total of 7 analyst ratings have been received for W.P. Carey, with the consensus rating being Neutral. The average one-year price target stands at $61.71, suggesting a potential 7.73% upside.

Peer Ratings Comparison

In this analysis, ...