As earnings season comes into focus, active investors may be wondering which companies will beat estimates and which ones will miss when the earnings numbers are posted. Looking at shares of Empire State Realty Trust, Inc. (NYSE:ESRT), we note that the current quarter consensus EPS estimate is 0.19. This estimate is comprised of 2 sell-side analysts polled by Zacks Research. For the previous quarter, the company posted a quarterly EPS of 0.25. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a particular company.
Investors often hear the saying “buy low, sell high”. This may seem highly obvious to anybody looking to get into the stock market. Even though investors typically know they should do this, novices tend to do just the opposite, buy high and sell low. Often times, amateur investors will get carried away when a stock is trending higher. They may attempt to get in on the stock after a big move with hopes of the stock going higher and an overall thought that relates to the fear of missing out. Often times, investors will find themselves in a precarious situation when this occurs. They might have taken a chance on a stock that maybe was too good to be true. Investors may regret buying after the big move when the price has far exceeded the underlying value. Closely watching the fundamentals may help investors avoid getting into sticky situations such as buying too high.
Let’s shift the focus and look at some historical stock price action on shares of Empire State Realty Trust, Inc. (NYSE:ESRT). After a recent market scan, we have seen that the stock has been trading near the $14.92 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $19.55, and the 52-week low is $13.81. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved -7.16%. Since the beginning of the calendar year, we can see that shares have changed 4.85%. Over the past 4 weeks, shares have moved -4.05%. Over the previous 5 sessions, the stock has moved 7.18%.
Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of Empire State Realty Trust, Inc. (NYSE:ESRT) is presently 2.67. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 1 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Taking a look at some target price information, we note that shares of Empire State Realty Trust, Inc. (NYSE:ESRT) presently have an average target price of $18.38. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.
Investors may be searching high and low for the next breakout winner in the stock market. As companies continue to release quarterly earnings reports, investors will be looking for stocks that have the potential to move to the upside in the coming months. Tracking earnings can be a good way for investors to see how the company is stacking up to analyst estimates. Some investors prefer to track sell-side estimates very closely. Others prefer to do their own research and make their own best guesses on what the actual numbers will be. A solid earnings beat may help ease investor worries if the stock has been underperforming recently. On the flip side, a bad earnings miss may cause investors to take a much closer look at what the future prospects look like for the company.
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