CORPORATE OFFICE PROPERTIES (OFC) Forecast, Price Target & Analyst Ratings

NYSE:OFC • US22002T1088

24.94 USD

+0.39 (+1.59%)

At close: Sep 14, 2023

24.94 USD

0 (0%)

After Hours: 9/14/2023, 9:45:33 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CORPORATE OFFICE PROPERTIES (OFC).

Consensus Price Target

Price Target

$29.47

+ 18.15% Upside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: Oct 25, 2023
Period: Q3 / 2023
EPS Estimate: $0.28
Revenue Estimate: 161.926K

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

80.00%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

$29.47

Upside

+ 18.15%

From current price of $24.94 to mean target of $29.47, Based on 13 analyst forecasts

Low

$23.23

Median

$29.58

High

$36.75

Price Target Revisions

1 Month

0.78%

3 Months

2.36%

Price Target Summary

13 Wall Street analysts provided a forecast for the next 12 months for OFC. The average price target is 29.47 USD. This implies a price increase of 18.15% is expected in the next year compared to the current price of 24.94.

The average price target has been revised upward by 2.36% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

80.00%

OFC was analyzed by 13 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about OFC.

In the previous month the buy percentage consensus was at a similar level.

OFC was analyzed by 13 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2023-09-05	Truist Securities	Maintains	Hold -> Hold
2023-08-30	Wells Fargo	Maintains	Overweight -> Overweight
2023-08-17	Evercore ISI Group	Maintains	In-Line -> In-Line
2023-06-13	Wells Fargo	Maintains	Overweight
2023-05-31	Truist Securities	Maintains	Hold -> Hold
2023-03-23	Raymond James	Maintains	Outperform
2023-03-16	Wells Fargo	Maintains	Overweight
2022-11-22	Wells Fargo	Maintains	Overweight
2022-10-18	Wells Fargo	Maintains	Overweight
2022-09-14	Truist Securities	Downgrade	Buy -> Hold
2022-08-30	Wells Fargo	Maintains	Overweight
2022-07-01	Wells Fargo	Maintains	Overweight
2022-06-30	Truist Securities	Maintains	Buy
2022-06-30	Jefferies	Maintains	Hold
2022-06-23	Evercore ISI Group	Downgrade	Outperform -> In-Line
2022-01-13	Keybanc	Downgrade	Sector Weight -> Underweight
2022-01-10	Jefferies	Downgrade	Buy -> Hold
2021-11-02	Raymond James	Maintains	Outperform
2021-08-02	Raymond James	Maintains	Outperform
2021-03-15	Truist Securities	Upgrade	Hold -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date: Oct 25, 2023
Period: Q3 / 2023
EPS Estimate: $0.28
Revenue Estimate: 161.926K
Revenue Q2Q: -99.91%
EPS Q2Q: 3.50%
Number of Analysts: 4

Next Earnings Revisions

Revenue (1 Month)

-99.90%

Revenue (3 Months)

-99.90%

EPS (1 Month)

-4.07%

EPS (3 Months)

-3.51%

Next Earnings Summary

OFC is expected to report earnings on 10/25/2023. The consensus EPS estimate for the next earnings is 0.28 USD and the consensus revenue estimate is 161.93K USD.

The next earnings revenue estimate has been revised downward by 99.9% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue YoY % growth	609.4M -4.96%	664.446M 9.03%	739.03M 11.22%	643.85M -12.88%	682.29M 5.97%	710.13M 4.08%	834.69M 17.54%	855.2M 2.46%	871.81M 1.94%
EBITDA YoY % growth	302.2M 2.34%	N/A 11.06%	N/A 0.64%	355.95M 5.38%	369.64M 3.85%	387.33M 4.79%	N/A	N/A	N/A
EBIT YoY % growth	162.2M 3.71%	168.699M 4.01%	181.416M 7.54%	199.38M 9.90%	204.82M 2.73%	219.28M 7.06%	219.17M -0.05%	227.05M 3.60%	233.75M 2.95%
Operating Margin	26.62%	25.39%	24.55%	30.97%	30.02%	30.88%	26.26%	26.55%	26.81%
EPS YoY % growth	1.15 -32.75%	0.68 -40.87%	1.53 125.00%	1.53 -0.32%	1.16 -23.84%	1.24 6.96%	N/A	N/A	N/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q3 / 23	Q4 / 23	Q1 / 24	Q2 / 24
EPS Q2Q % growth	0.28 3.50%	0.29 -36.41%	0.30 -56.71%	0.31 15.96%
Revenue Q2Q % growth	161.926K -99.91%	166.699K -99.90%	170.7K -99.90%	172.181K -99.90%
EBITDA Q2Q % growth	88.053M 6.18%	90.14M 5.04%	91.336M 8.61%	91.626M 7.71%
EBIT Q2Q % growth	48.485K -99.90%	49.181K -99.89%	50.5K -99.89%	50.734K -99.89%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

-6.71%

EPS Next 5 Year

N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

6.46%

Revenue Next 5 Year

7.76%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

26.81%

EBIT Next 5 Year

N/A

→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CORPORATE OFFICE PROPERTIES / OFC Forecast FAQ

What do analysts expect the price target to be for CORPORATE OFFICE PROPERTIES (OFC)?

13 analysts have analysed OFC and the average price target is 29.47 USD. This implies a price increase of 18.15% is expected in the next year compared to the current price of 24.94.

Can you provide the upcoming earnings date for CORPORATE OFFICE PROPERTIES?

CORPORATE OFFICE PROPERTIES (OFC) will report earnings on 2023-10-25, after the market close.

What are the consensus estimates for OFC stock next earnings?

The consensus EPS estimate for the next earnings of CORPORATE OFFICE PROPERTIES (OFC) is 0.28 USD and the consensus revenue estimate is 161.93K USD.

How many analysts cover CORPORATE OFFICE PROPERTIES (OFC) stock?

The number of analysts covering CORPORATE OFFICE PROPERTIES (OFC) is 13.

Analyst forecast overview

Forecast Snapshot