Alexandria Real Estate Equities (NYSE:ARE) has a 58.33% chance to decline
Alexandria Real Estate Equities, Inc. (NYSE:ARE) is projected to declare fiscal first quarter financial results right after the stock market’s official close on May 01, 2017. The stock lost about -3 percent in price since last results when it was at $112.16 a share. Based on the most relevant past-periods data, there is an 58.33 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 14 times out of last 24 reported quarters. It has beaten earnings-per-share estimates 0% of the time in its last 12 earnings reports. It fell short of earnings estimates on 12 occasions, and it has met expectations 0 time.
Here’s how traders responded to ARE earnings announcements over the past few quarters.
Alexandria Real Estate Equities, Inc. (ARE) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -0.18 percent over the past four quarters. Back on January 30, 2017, it posted earnings per-share earnings at $1.42 which missed the consensus $1.43 projection (negative surprise of-0.7%). For the quarter, revenue came in at 187.32M versus consensus estimate of 181.69M. The stock dropped -1.19 percent the session following the earnings reports were released, and on 7th day price change was 0.47 percent.
On October 31, 2016, it reported earnings at $1.39 a share compared with the consensus estimate of $1.38 per share (positive surprise of 0.72%). Revenue of 166.59M for that quarter was above the $166.14M analysts had expected. The stock retreated -0.42% the day following the earnings announcement, and on 7th day price change was -1.65%.
On August 1, 2016, it recorded $1.36 a share in earnings which missed the consensus estimate of $1.37 (negative surprise of -0.73%). Revenue for the quarter was $226.08M while analysts called for revenues to be $196.33M. The stock dropped -2.73% the day following the earnings data was made public, and on 7th day price change was -0.36%.
On May 2, 2016, it announced earnings per share at $1.34 versus the consensus estimate of $1.34 per share (negative surprise of 0%). That came on revenues of $216.09M for that period. Analysts had expected $212.11M in revenue.
Alexandria Real Estate Equities, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.46. The analysts’ present consensus range is $1.43-$1.49 for EPS. The market consensus range for revenue is between $189M and $202.6M, with an average of $196.26M.
Alexandria Real Estate Equities, Inc. (NYSE:ARE) last ended at $109.09, sending the company’s market cap near $9.7B. The consensus 12-month price target from analysts covering the stock is $118.5. The share price has declined -9.81% from its top level in 52 weeks and advanced -1.84% this year. It recently traded in a range of $108.69-$109.99 at a volume of 2097847 shares. The recent trading ended with the price nearly -7.17 lower for the last 5 trading days, rebounding 34.2% from its 52-week low.