Earnings results for Equity Commonwealth (NYSE:EQC)
Equity Commonwealth is expected* to report earnings on 10/28/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.03. The reported EPS for the same quarter last year was $0.21.
Equity Commonwealth last issued its quarterly earnings data on July 29th, 2020. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.11 by $0.10. The business had revenue of $16.27 million for the quarter, compared to the consensus estimate of $18.69 million. Its quarterly revenue was down 51.3% on a year-over-year basis. Equity Commonwealth has generated $0.78 earnings per share over the last year and currently has a price-to-earnings ratio of 6.9. Equity Commonwealth has confirmed that its next quarterly earnings report will be published on Wednesday, October 28th, 2020.
Analyst Opinion on Equity Commonwealth (NYSE:EQC)
1 Wall Street analysts have issued ratings and price targets for Equity Commonwealth in the last 12 months. Their average twelve-month price target is $33.00, predicting that the stock has a possible upside of 25.09%. The high price target for EQC is $33.00 and the low price target for EQC is $33.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”
Equity Commonwealth has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $33.00, Equity Commonwealth has a forecasted upside of 25.1% from its current price of $26.38. Equity Commonwealth has received no research coverage in the past 90 days.
Dividend Strength: Equity Commonwealth (NYSE:EQC)
Equity Commonwealth does not currently pay a dividend. Equity Commonwealth does not have a long track record of dividend growth.
Insiders buying/selling: Equity Commonwealth (NYSE:EQC)
In the past three months, Equity Commonwealth insiders have not sold or bought any company stock. Only 1.60% of the stock of Equity Commonwealth is held by insiders. 93.68% of the stock of Equity Commonwealth is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Equity Commonwealth (NYSE:EQC
Earnings for Equity Commonwealth are expected to decrease by -33.33% in the coming year, from $0.18 to $0.12 per share. The P/E ratio of Equity Commonwealth is 6.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.17. The P/E ratio of Equity Commonwealth is 6.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.77. Equity Commonwealth has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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