Franklin Street Properties Corp. (FSP) Expected to Post Earnings of $0.21 Per Share

Wall Street analysts expect Franklin Street Properties Corp. (NASDAQ:FSP) to post earnings per share (EPS) of $0.21 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Franklin Street Properties’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. Franklin Street Properties reported earnings of $0.24 per share in the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Franklin Street Properties will report full year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.86. For the next financial year, analysts forecast that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.83 to $0.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Franklin Street Properties.

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

Shares of FSP stock traded up $0.14 during trading on Friday, reaching $7.77. 270,155 shares of the company’s stock traded hands, compared to its average volume of 364,563. Franklin Street Properties has a 1 year low of $5.87 and a 1 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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