The upcoming report from Mid-America Apartment Communities (MAA - Free Report) is expected to reveal quarterly earnings of $2.23 per share, indicating a decline of 2.2% compared to the year-ago period. Analysts forecast revenues of $542.72 million, representing an increase of 2.6% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Mid-America Apartment Communities metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Physical occupancy - Same store' to come in at 95.5%. The estimate compares to the year-ago value of 95.5%.
The consensus among analysts is that 'Net Operating Income- Same Store' will reach $328.24 million. The estimate compares to the year-ago value of $328.94 million.
Analysts forecast 'Depreciation and amortization' to reach $142.25 million. The estimate compares to the year-ago value of $138.50 million.
View all Key Company Metrics for Mid-America Apartment Communities here>>>
Shares of Mid-America Apartment Communities have demonstrated returns of +1.9% over the past month compared to the Zacks S&P 500 composite's -2.5% change. With a Zacks Rank #4 (Sell), MAA is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
The upcoming report from Mid-America Apartment Communities (MAA - Free Report) is expected to reveal quarterly earnings of $2.23 per share, indicating a decline of 2.2% compared to the year-ago period. Analysts forecast revenues of $542.72 million, representing an increase of 2.6% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Mid-America Apartment Communities metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Physical occupancy - Same store' to come in at 95.5%. The estimate compares to the year-ago value of 95.5%.
The consensus among analysts is that 'Net Operating Income- Same Store' will reach $328.24 million. The estimate compares to the year-ago value of $328.94 million.
Analysts forecast 'Depreciation and amortization' to reach $142.25 million. The estimate compares to the year-ago value of $138.50 million.
View all Key Company Metrics for Mid-America Apartment Communities here>>>
Shares of Mid-America Apartment Communities have demonstrated returns of +1.9% over the past month compared to the Zacks S&P 500 composite's -2.5% change. With a Zacks Rank #4 (Sell), MAA is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Get the latest research report on MAA - FREE