Wall Street brokerages expect Franklin Street Properties Corp. (NYSE:FSP – Get Rating) to post $41.11 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Franklin Street Properties’ earnings. The highest sales estimate is $41.44 million and the lowest is $40.78 million. Franklin Street Properties posted sales of $59.04 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 30.4%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Franklin Street Properties will report full-year sales of $157.30 million for the current year, with estimates ranging from $148.33 million to $166.27 million. For the next financial year, analysts expect that the company will post sales of $151.07 million, with estimates ranging from $129.87 million to $172.27 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Franklin Street Properties.
Separately, StockNews.com upgraded Franklin Street Properties from a “hold” rating to a “buy” rating in a research report on Thursday.
Franklin Street Properties Company Profile (Get Rating)
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.
- Get a free copy of the StockNews.com research report on Franklin Street Properties (FSP)
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