Analysts expect Altisource Residential Corporation (NYSE:RESI) to announce sales of $30.37 million for the current quarter, according to Zacks. Two analysts have made estimates for Altisource Residential’s earnings, with the highest sales estimate coming in at $37.11 million and the lowest estimate coming in at $23.62 million. Altisource Residential posted sales of $12.06 million during the same quarter last year, which suggests a positive year over year growth rate of 151.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Altisource Residential will report full-year sales of $30.37 million for the current financial year, with estimates ranging from $90.03 million to $114.25 million. For the next fiscal year, analysts anticipate that the company will post sales of $182.46 million per share. Zacks’ sales calculations are an average based on a survey of analysts that follow Altisource Residential.
RESI has been the subject of several research analyst reports. BidaskClub cut shares of Altisource Residential from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Zacks Investment Research cut shares of Altisource Residential from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.43.
Altisource Residential (NYSE:RESI) opened at $10.76 on Friday. Altisource Residential has a twelve month low of $10.37 and a twelve month high of $15.66.
Altisource Residential Company Profile
Altisource Residential Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United States. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Altisource Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Residential and related companies with MarketBeat.com's FREE daily email newsletter.