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One Liberty Properties, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

ワン・リバティ・プロパティーズ社は、アナリストの予測を上回りました。そして、アナリストたちは予測を更新しています。

Simply Wall St ·  11/09 02:19

It's been a good week for One Liberty Properties, Inc. (NYSE:OLP) shareholders, because the company has just released its latest third-quarter results, and the shares gained 6.5% to US$28.44. It looks like a credible result overall - although revenues of US$22m were what the analysts expected, One Liberty Properties surprised by delivering a (statutory) profit of US$0.23 per share, an impressive 64% above what was forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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NYSE:OLP Earnings and Revenue Growth November 8th 2024

After the latest results, the twin analysts covering One Liberty Properties are now predicting revenues of US$91.8m in 2025. If met, this would reflect an okay 3.0% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to plunge 66% to US$0.54 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$91.8m and earnings per share (EPS) of US$0.53 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 5.9% to US$26.75. It looks as though they previously had some doubts over whether the business would live up to their expectations.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the One Liberty Properties' past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of One Liberty Properties'historical trends, as the 2.4% annualised revenue growth to the end of 2025 is roughly in line with the 2.5% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 3.8% per year. So although One Liberty Properties is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with One Liberty Properties (at least 2 which make us uncomfortable) , and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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