Alexandria Real Estate Equities Earnings: Here’s Why the Stock is Up Now

Alexandria Real Estate Equities Inc. (NYSE:ARE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.29%.

Alexandria Real Estate Equities Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 11.5% to $1 in the quarter versus EPS of $1.13 in the year-earlier quarter.

Revenue: Rose 0.06% to $154.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Alexandria Real Estate Equities Inc. reported adjusted EPS income of $1 per share. By that measure, the company missed the mean analyst estimate of $1.06. It beat the average revenue estimate of $151.07 million.

Key Stats (on next page)…

Revenue increased 2.54% from $150.38 million in the previous quarter. EPS decreased 9.91% from $1.11 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.12 to a profit $1.05. For the current year, the average estimate has moved down from a profit of $4.52 to a profit of $4.35 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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