Wall Street brokerages expect Franklin Street Properties Corp. (NASDAQ:FSP) to post earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Franklin Street Properties’ earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.20. Franklin Street Properties reported earnings of $0.24 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.5%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, July 30th.
On average, analysts expect that Franklin Street Properties will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.82 to $0.86. For the next year, analysts expect that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.90. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Franklin Street Properties.
Separately, BidaskClub lowered Franklin Street Properties from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th.
FSP stock traded down $0.28 during mid-day trading on Wednesday, reaching $7.05. 9,883 shares of the company traded hands, compared to its average volume of 334,302. Franklin Street Properties has a 52-week low of $5.87 and a 52-week high of $9.22. The company has a fifty day moving average price of $7.58.
Franklin Street Properties Company Profile
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
Featured Article: Trading Penny Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Franklin Street Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Street Properties and related companies with MarketBeat.com's FREE daily email newsletter.