W.P. Carey Inc. (NYSE:WPC) is set to announce third quarter earning results on Friday 30th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, WPC to report 3Q20 income of $ 0.45 per share.
For the full year, analysts anticipate top line of $ 1158.51 million, while looking forward to income of $ 1.87 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.86 ~ $ 5.01 per share
Click Here For More Historical Outlooks Of W.P. Carey Inc.
Previous Quarter Performance
W.P. Carey Inc. came out with income for the second quarter of $ 1.14 per share, from the revenue of $ 283.65 million. The quarterly earnings escalated 200.00 percent while revenues reduced 2.71 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.45 per share from $ 288.53 million in revenue. The bottom line results beat street analysts by $ 0.69 or 153.33 percent, at the same time, top line results fell short of analysts by $ 4.88 million or 1.69 percent.
Stock Performance
Shares of W.P. Carey Inc. traded up $ 0.53 or 0.86 percent on Thursday, reaching $ 62.11 with volume of 604.20 thousand shares. W.P. Carey Inc. has traded high as $ 62.74 and has cracked $ 61.00 on the downward trend
According to the previous trading day, closing price of $ 62.11, representing a 59.45 % increase from the 52 week low of $ 38.62 and a 33.64 % decrease over the 52 week high of $ 92.80.
The company has a market capital of $ 10.89 billion and is part of the Real Estate sector and REIT – Diversified industry.
Conference Call
W.P. Carey Inc. will be hosting a conference call at 10:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wpcarey.com
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $19 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,168 net lease properties covering approximately 134 million square feet.
