A Look Ahead: Global Net Lease's Earnings Forecast

Global Net Lease (NYSE:GNL) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Global Net Lease will report an earnings per share (EPS) of $0.33.

Anticipation surrounds Global Net Lease's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

During the last quarter, the company reported an EPS missed by $0.12, leading to a 2.29% drop in the share price on the subsequent day.

Here's a look at Global Net Lease's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.34

0.33

EPS Actual

0.22

0.25

0.21

0.24

Price Change %

-2.0%

0.0%

-2.0%

-2.0%

Stock Performance

Shares of Global Net Lease were trading at $7.66 as of November 04. Over the last 52-week period, shares are down 7.42%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analyst Views on Global Net Lease

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Global Net Lease.

Global Net Lease has received a total of 2 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $9.25, the consensus suggests a potential 20.76% upside.

Analyzing Ratings Among Peers

The analysis below ...