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Ahead of Realty Income Corp. (O) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

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Wall Street analysts expect Realty Income Corp. (O - Free Report) to post quarterly earnings of $1.11 per share in its upcoming report, which indicates a year-over-year increase of 2.8%. Revenues are expected to be $1.58 billion, up 7.6% from the year-ago quarter.

The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Bearing this in mind, let's now explore the average estimates of specific Realty Income Corp. metrics that are commonly monitored and projected by Wall Street analysts.

It is projected by analysts that the 'Revenue- Rental (including reimbursable)' will reach $1.44 billion. The estimate points to a change of +3.8% from the year-ago quarter.

According to the collective judgment of analysts, 'Revenue- Rental (reimbursable)' should come in at $91.68 million. The estimate suggests a change of +11.1% year over year.

Based on the collective assessment of analysts, 'Revenue- Rental (excluding reimbursable)' should arrive at $1.36 billion. The estimate indicates a change of +4% from the prior-year quarter.

Analysts' assessment points toward 'Depreciation and amortization' reaching $654.41 million.

View all Key Company Metrics for Realty Income Corp. here>>>

Realty Income Corp. shares have witnessed a change of +3.1% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), O is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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