Investors and market participants can look forward to the unveiling of Alexandria Real Estate Equities (NYSE: ARE) third quarter financial results on Monday 21st October 2024. This important update will be made available after market close.
As per the predictions of financial analysts on Wall Street, the enterprise is set to report an estimated per share $0.88 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $765.52 million for the period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $2.26. This figure was a result of the company's total revenue, which reached an impressive $713.79 million during that specific period.
Analysts on Wall Street have shared their predictions regarding the annual performance of the company, estimating a total revenue of $3.06 billion. Additionally, they are expecting the company to achieve per share profit of $3 for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.36 | +5.4% | 766.73 M | +7.4% |
| Q1 2024 | $2.35 | +7.3% | 769.11 M | +9.7% |
| Q4 2023 | $2.28 | +6.5% | 757.22 M | +13.0% |
| Q3 2023 | $2.26 | +6.1% | 713.79 M | +8.2% |
| Q2 2023 | $2.24 | +6.7% | 713.90 M | +10.9% |
| *Growth on year-over-year basis | ||||
ARE will host a conference call with investment community on 22nd October 2024 at 03:00 PM eastern time to discuss the financial results.
Throughout Thursday's trading, Alexandria Real Estate Equities (ARE) shares fluctuated between $121.15 and $122.67, with a trading volume of 1.27 million shares. The stock ended the regular trading session at $121.25, reflecting fall of 1.16 percent.
