Choice Properties Real Estate Investment Trust Annual Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Last week saw the newest full-year earnings release from Choice Properties Real Estate Investment Trust (TSE:CHP.UN), an important milestone in the company's journey to build a stronger business. It was an okay report, and revenues came in at CA$1.3b, approximately in line with analyst estimates leading up to the results announcement. Following the result, analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what analysts are expecting for next year.

See our latest analysis for Choice Properties Real Estate Investment Trust

Taking into account the latest results, the current consensus from Choice Properties Real Estate Investment Trust's two analysts is for revenues of CA$1.37b in 2020, which would reflect an okay 2.3% increase on its sales over the past 12 months. Prior to the latest earnings, analysts were forecasting revenues of CA$1.36b in 2020, and did not provide an EPS estimate. Overall it looks like Choice Properties Real Estate Investment Trust is performing in line with analyst expectations, given analysts have updated their numbers and there's been no real change to next year's forecast following these results.

There's been no real change to the consensus price target of CA$15.06, with Choice Properties Real Estate Investment Trustseemingly executing in line with expectations.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Choice Properties Real Estate Investment Trust's revenue growth is expected to slow, with forecast 2.3% increase next year well below the historical 15%p.a. growth over the last five years. By way of comparison, other companies in this market with analyst coverage, are forecast to grow their revenue at 5.2% per year. So it's pretty clear that, while revenue growth is expected to slow down, analysts still expect the wider market to grow faster than Choice Properties Real Estate Investment Trust.

The Bottom Line

The most important thing to take away from these updates is that analysts are definitely optimistic on the business, given that they've begun forecasting positive per-share earnings for next year. Fortunately, analysts also reconfirmed their revenue estimates, suggesting sales are tracking in line with expectations - although our data does suggest that Choice Properties Real Estate Investment Trust's revenues are expected to perform worse than the wider market. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

We have estimates for Choice Properties Real Estate Investment Trust from its two analysts , and you can see them free on our platform here.

You can also see whether Choice Properties Real Estate Investment Trust is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.