Duke Realty Corporation (NYSE:DRE) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 26, 2017. The stock lost about -3.3 percent in price since last results when it was at $26.1 a share. Based on the most relevant past-periods data, there is an 55.17 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 16 times out of last 29 reported quarters. It has beaten earnings-per-share estimates 25% of the time in its last 12 earnings reports. It fell short of earnings estimates on 9 occasions, and it has met expectations 0 time.
Here’s how traders responded to DRE earnings announcements over the past few quarters.
Duke Realty Corporation (DRE) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 1.67 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $0.31 which beat the consensus $0.3 projection (positive surprise of3.33%. For the quarter, revenue came in at 204.26M versus consensus estimate of 204.63M. The stock dropped -3.33 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On October 26, 2016, it reported earnings at $0.31 a share compared with the consensus estimate of $0.3 per share (positive surprise of 3.33%). Revenue of 206.85M for that quarter was above the $202.04M analysts had expected. The stock retreated -0.32% the day following the earnings announcement, and on 7th day price change was -2.22%.
On July 27, 2016, it recorded $0.3 a share in earnings which missed the consensus estimate of $0.3 (negative surprise of 0%). Revenue for the quarter was $200.52M while analysts called for revenues to be $202.66M. The stock gained 2.51% the day following the earnings data was made public, and on 7th day price change was 3.14%.
On April 27, 2016, it announced earnings per share at $0.28 versus the consensus estimate of $0.28 per share (negative surprise of 0%). That came on revenues of $201.8M for that period. Analysts had expected $198.88M in revenue.
Duke Realty Corporation Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.29. The analysts’ present consensus range is $0.28-$0.3 for EPS. The market consensus range for revenue is between $200.3M and $205.45M, with an average of $202.9M.
Duke Realty Corporation (NYSE:DRE) last ended at $25.06, sending the company’s market cap near $9B. The consensus 12-month price target from analysts covering the stock is $27.77. The share price has declined -11.62% from its top level in 52 weeks and advanced -4.93% this year. It recently traded in a range of $24.98-$25.42 at a volume of 2820047 shares. The recent trading ended with the price nearly -2.94 lower for the last 5 trading days, rebounding 22.32% from its 52-week low.