Plymouth Industrial REIT (PLYM) announced its first-quarter revenue, revealing impressive performance that exceeded market expectations. The company reported earnings of $1,177.04 million for the quarter. This figure significantly surpassed the consensus estimate of $176.6 million, highlighting remarkable financial progression.
The CEO, Peter Baccile, credited the robust quarter to strategic operational execution and effective capital market transactions. This sets a positive outlook for the company, reflecting strong market positioning and investment strategies.
The substantial discrepancy between the reported revenue and the market consensus underscores Plymouth Industrial's ability to thrive in a competitive environment, indicating potential for continued growth and investor confidence.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for First Industrial Realty Trust Inc (FR, Financial) is $57.53 with a high estimate of $63.00 and a low estimate of $50.00. The average target implies an upside of 22.80% from the current price of $46.85. More detailed estimate data can be found on the First Industrial Realty Trust Inc (FR) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, First Industrial Realty Trust Inc's (FR, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Industrial Realty Trust Inc (FR, Financial) in one year is $65.24, suggesting a upside of 39.25% from the current price of $46.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Industrial Realty Trust Inc (FR) Summary page.
