Article Highlights:
- Alexander's reports Q1 earnings with significant revenue decline.
- Wall Street analysts offer a moderate forecast, indicating potential downside.
- GuruFocus GF Value presents a slightly optimistic future for the stock.
Alexander’s Inc. (ALX) reported first-quarter GAAP earnings per share of $2.40, alongside non-GAAP funds from operations totaling $20.8 million, equating to $4.06 per diluted share. The real estate-focused company recorded a notable 10.6% drop in revenue year-over-year, bringing in $54.92 million.
Wall Street Analysts Forecast
According to the projections provided by one financial analyst, the average price target for Alexander's Inc. (ALX, Financial) within a one-year timeframe is pinned at $150.00. Both the high and low estimates align at $150.00, suggesting a potential downside of 30.14% from the current stock price of $214.70. Investors can explore more details through the Alexander's Inc (ALX) Forecast page.
The consensus rating from a singular brokerage firm places Alexander’s Inc. (ALX, Financial) at an average recommendation of 4.0, indicating an "Underperform" status. This rating utilizes a scale from 1 to 5, where 1 represents a Strong Buy, and 5 signifies a Sell.
GuruFocus GF Value Estimation
On the valuation front, GuruFocus assigns a future GF Value of $231.16 to Alexander’s Inc. (ALX, Financial) for the coming year. This suggests a modest upside of 7.67% from its present price of $214.70. The GF Value is GuruFocus' proprietary measure of a stock’s intrinsic worth, factoring in historical trading multiples and the anticipated trajectory of the business. For further insights, visit the Alexander's Inc (ALX) Summary page.
