Zacks: Brokerages Anticipate Franklin Street Properties Corp. (FSP) Will Post Quarterly Sales of $62.50 Million

Analysts expect that Franklin Street Properties Corp. (NASDAQ:FSP) will announce $62.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Franklin Street Properties’ earnings. The highest sales estimate is $63.85 million and the lowest is $61.15 million. Franklin Street Properties reported sales of $66.89 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.6%. The company is expected to report its next earnings results on Tuesday, May 7th.

According to Zacks, analysts expect that Franklin Street Properties will report full-year sales of $250.71 million for the current fiscal year, with estimates ranging from $243.72 million to $257.69 million. For the next year, analysts anticipate that the company will post sales of $252.92 million, with estimates ranging from $244.04 million to $261.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Franklin Street Properties.

Separately, BidaskClub upgraded Franklin Street Properties from a “hold” rating to a “buy” rating in a report on Saturday, April 13th.

Shares of NASDAQ:FSP remained flat at $$7.71 on Friday. The stock had a trading volume of 292,986 shares, compared to its average volume of 354,572. Franklin Street Properties has a one year low of $5.87 and a one year high of $9.22.

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.

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