Market Overview

Earnings Preview: Mid-America Apartment

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Mid-America Apartment (NYSE: MAA) unveils its next round of earnings this Wednesday, July 29. Get prepared with Benzinga's ultimate preview for Mid-America Apartment's Q2 earnings.

Earnings and Revenue

Wall Street analysts see Mid-America Apartment reporting earnings of $0.54 per share on sales of $413.28 million. Mid-America Apartment reported a profit of $1.370 per share when it published results during the same quarter last year. Sales in that period totaled $407.39 million. The analyst consensus estimate would represent a 60.58% decrease in the company's earnings. Sales would be up 0.45% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate     0.56  
EPS Actual 1.49 1.56 1.53 1.37
Revenue Estimate 417.67 M 417.00 M 411.44 M 405.07 M
Revenue Actual 418.10 M 416.82 M 415.63 M 407.39 M

Stock Performance

Over the past 52-week period, shares of Mid-America Apartment have declined 5.47%.

Judging by these returns, long-term shareholders will be feeling unsatisfied with these results.

Don't be surprised to see the stock move on comments made during its conference call. Mid-America Apartment is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://services.choruscall.com/links/maa200730.html

 

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