Wall Street analysts forecast that Alexandria Real Estate Equities (ARE) will report quarterly earnings of $1.52 per share in its upcoming release, pointing to a year-over-year decline of 31.5%. It is anticipated that revenues will amount to $644.23 million, exhibiting a decrease of 14.3% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
That said, let's delve into the average estimates of some Alexandria Real Estate Equities metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Revenues- Other income' should arrive at $15.70 million. The estimate indicates a year-over-year change of -2.5%.
The consensus among analysts is that 'Revenues- Rental' will reach $633.86 million. The estimate points to a change of -13.9% from the year-ago quarter.
The average prediction of analysts places 'Occupancy - North America, excluding properties held for sale - Operating and Redevelopment' at 86.1%. Compared to the present estimate, the company reported 85.8% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Depreciation and amortization' of $306.10 million.
View all Key Company Metrics for Alexandria Real Estate Equities here>>>Shares of Alexandria Real Estate Equities have experienced a change of -20.8% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ARE 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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Alexandria Real Estate Equities, Inc. (ARE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).