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Acadia Realty Trust (NYSE:AKR) releases its next round of earnings Tuesday. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
Earnings and Revenue
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Wall Street analysts see Acadia Realty Trust reporting earnings of 6 cents per share on sales of $52.29 million.
Acadia Realty Trust reported a profit of 38 cents when it published results during the same quarter last year. Sales in that period totaled $48.46 million. If the company were to report inline earnings when it publishes results Tuesday, quarterly profit would be down 84.21 percent. Sales would be up 7.89 percent on a year-over-year basis. Acadia Realty Trust's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 0.13 | 0.08 | 0.08 | |
| EPS Actual | 0.33 | 0.37 | 0.37 | 0.38 |
Stock Performance
Over the last 52-week period, shares are down 6.22 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The most common rating by analysts on Acadia Realty Trust stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.