Mid-America Apartment Earnings Preview
Investors never know what to expect for Mid-America Apartment (NYS: MAA) , as it has wavered between topping and missing analysts estimates during the past fiscal year. The company will unveil its latest earnings on Thursday, August 4. Mid-America Apartment Communities is a self-administrated and self-managed real estate investment trust which owns, acquires, and operates multifamily apartment communities mainly in the sunbelt region of the United States.
What analysts say:
- Buy, sell, or hold?: Analysts generally think investors should hang on to Mid-America Apartment, with half rating the stock a hold. Analysts like Mid-America Apartment better than competitor Home Properties overall. Eight out of 18 analysts rate Home Properties a buy compared to six of 12 for Mid-America Apartment.
- Revenue Forecasts: On average, analysts predict $108.3 million in revenue this quarter. That would represent a rise of 9.6% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $1 per share. Estimates range from $0.96 to $1.02.
What our community says:
The majority of CAPS All Stars see MAA as a good bet, with 62.1% awarding it an "outperform" rating. The majority of Fools are in agreement with the All Stars, as 63.9% give it an "outperform" rating. Fools are bullish on Mid-America Apartment, though the message boards have been quiet lately with only 23 posts in the past 30 days. Mid-America Apartment's bearish CAPS rating of one out of five stars falls short of the Fool community sentiment.
Mid-America Apartment's income has fallen year over year by an average of 16%. Revenue has now gone up for three straight quarters.
For all our Mid-America Apartment-specific analysis, including earnings and beyond, add Mid-America Apartment to My Watchlist.
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At the time this article was published
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