UDR, Inc. (NYSE:UDR) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 01, 2017. The stock added about 0.7 percent in price since last results when it was at $34.65 a share. Based on the most relevant past-periods data, there is an 50 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 12 times out of last 24 reported quarters. It has beaten earnings-per-share estimates 16% of the time in its last 12 earnings reports. It fell short of earnings estimates on 10 occasions, and it has met expectations 0 time.
Here’s how traders responded to UDR earnings announcements over the past few quarters.
UDR, Inc. (UDR) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 0.56 percent over the past four quarters. Back on January 30, 2017, it posted earnings per-share earnings at $0.46 which beat the consensus $0.45 projection (positive surprise of2.22%. For the quarter, revenue came in at 240.08M versus consensus estimate of 241.81M. The stock gained 0.87 percent the session following the earnings reports were released, and on 7th day price change was 0.32 percent.
On October 25, 2016, it reported earnings at $0.45 a share compared with the consensus estimate of $0.45 per share (negative surprise of 0%). Revenue of 240.26M for that quarter was above the $240.24M analysts had expected. The stock climbed 2.06% the day following the earnings announcement, and on 7th day price change was 3.58%.
On July 26, 2016, it recorded $0.44 a share in earnings which missed the consensus estimate of $0.44 (negative surprise of 0%). Revenue for the quarter was $236.17M while analysts called for revenues to be $235.69M. The stock dropped -1.54% the day following the earnings data was made public, and on 7th day price change was 1.38%.
On April 25, 2016, it announced earnings per share at $0.43 versus the consensus estimate of $0.43 per share (negative surprise of 0%). That came on revenues of $231.96M for that period. Analysts had expected $234.8M in revenue.
UDR, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.45. The analysts’ present consensus range is $0.44-$0.46 for EPS. The market consensus range for revenue is between $236.7M and $244.25M, with an average of $240.66M.
UDR, Inc. (NYSE:UDR) last ended at $35.14, sending the company’s market cap near $9.65B. The consensus 12-month price target from analysts covering the stock is $36.69. The share price has declined -5.98% from its top level in 52 weeks and advanced -2.89% this year. It recently traded in a range of $34.93-$35.28 at a volume of 1203122 shares. The recent trading ended with the price nearly -2.77 lower for the last 5 trading days, rebounding 9.26% from its 52-week low.