In its upcoming report, Phillips Edison & Company, Inc. (PECO) is predicted by Wall Street analysts to post quarterly earnings of $0.70 per share, reflecting an increase of 7.7% compared to the same period last year. Revenues are forecasted to be $194.58 million, representing a year-over-year increase of 6.5%.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Phillips Edison & Company metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Rental income' will reach $186.80 million. The estimate indicates a change of +4.8% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Fees and management income' at $4.08 million. The estimate points to a change of +24.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Depreciation and amortization' of $65.75 million.
View all Key Company Metrics for Phillips Edison & Company here>>>Shares of Phillips Edison & Company have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +1% change. With a Zacks Rank #3 (Hold), PECO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Phillips Edison & Company, Inc. (PECO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).