Spirit Realty Capital Inc (SRC) Forecast, Price Target & Analyst Ratings

NYSE:SRCUS84860W3007

Current stock price

42.31 USD
-0.67 (-1.56%)
At close:
42.31 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Spirit Realty Capital Inc (SRC).

Forecast Snapshot

Consensus Price Target

Price Target
$44.35
+ 4.82% Upside

Next Earnings Forecast

Earnings Estimate
Release Date
Feb 22, 2024
Period
Q4 / 2023
EPS Estimate
$0.35
Revenue Estimate
193.49M

ChartMill Buy Consensus

Rating
70.00%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$44.35
Upside
+ 4.82%
From current price of $42.31 to mean target of $44.35, Based on 18 analyst forecasts
Low
$35.35
Median
$45.39
High
$60.90

Price Target Revisions

1 Month
0.77%
3 Months
4.29%

Price Target Summary

18 Wall Street analysts provided a forecast for the next 12 months for SRC. The average price target is 44.35 USD. This implies a price increase of 4.82% is expected in the next year compared to the current price of 42.31.
The average price target has been revised upward by 4.29% in the past 3 months.

Analyst Ratings & History

Current Analyst Ratings

SRC Current Analyst RatingSRC Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

SRC Historical Analyst RatingsSRC Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
70.00%
SRC was analyzed by 18 analysts. The buy percentage consensus is at 70. So analysts seem to be have mildly positive about SRC.
In the previous month the buy percentage consensus was at a similar level.
SRC was analyzed by 18 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-01-10MizuhoMaintains Neutral -> Neutral
2023-11-07Exane BNP ParibasUpgrade Underperform -> Neutral
2023-11-03RBC CapitalMaintains Sector Perform -> Sector Perform
2023-11-02Janney Montgomery ScottDowngrade Buy -> Neutral
2023-10-31JMP SecuritiesDowngrade Market Outperform -> Market Perform
2023-10-10B of A SecuritiesDowngrade Neutral -> Underperform
2023-09-21Wells FargoInitiate Underweight
2023-09-20JP MorganMaintains Overweight -> Overweight
2023-08-08StifelMaintains Buy -> Buy
2023-07-13UBSMaintains Neutral -> Neutral
2023-07-13Morgan StanleyReiterate Equal-Weight -> Equal-Weight
2023-06-23JMP SecuritiesReiterate Market Outperform -> Market Outperform
2023-06-14Exane BNP ParibasInitiate Underperform
2023-03-21JMP SecuritiesMaintains Market Outperform
2023-03-07OppenheimerReiterate Perform
2023-01-09Raymond JamesDowngrade Outperform -> Market Perform
2022-12-19Raymond JamesMaintains Outperform
2022-12-08MizuhoMaintains Neutral
2022-12-05Truist SecuritiesMaintains Buy
2022-11-14B of A SecuritiesDowngrade Buy -> Neutral
2022-10-20OppenheimerInitiate Perform
2022-10-04Raymond JamesMaintains Outperform
2022-07-25UBSMaintains Neutral
2022-07-12Morgan StanleyMaintains Equal-Weight
2022-07-08Raymond JamesMaintains Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Feb 22, 2024
Period
Q4 / 2023
EPS Estimate
$0.35
Revenue Estimate
193.49M
Revenue Q2Q
5.50%
EPS Q2Q
-26.35%
Number of Analysts
5

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
1.10%
EPS (1 Month)
0.00%
EPS (3 Months)
0.72%

Next Earnings Summary

SRC is expected to report earnings on 2/22/2024. The consensus EPS estimate for the next earnings is 0.35 USD and the consensus revenue estimate is 193.49M USD.
The next earnings revenue estimate has been revised upward by 1.1% in the past 3 months.

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
SRC revenue by date.SRC revenue by date.
483.6M
-6.35%
608.4M
25.81%
709.6M
16.63%
764.48M
7.73%
782.44M
2.35%
809.76M
3.49%
901.8M
11.37%
970M
7.56%
1.031B
6.29%
EBITDA
YoY % growth
SRC ebitda by date.SRC ebitda by date.
412.5M
-7.39%
533.3M
29.28%
622.3M
16.69%
682.09M
9.61%
706.07M
3.52%
728.06M
3.11%
792.7M
8.88%
N/AN/A
EBIT
YoY % growth
SRC ebit by date.SRC ebit by date.
199.9M
-25.94%
288.7M
44.42%
329.3M
14.06%
351.24M
6.66%
368.75M
4.99%
398.26M
8.00%
N/AN/AN/A
Operating Margin
SRC operating margin by date.SRC operating margin by date.
41.34%47.45%46.41%45.94%47.13%49.18%N/AN/AN/A
EPS
YoY % growth
SRC eps by date.SRC eps by date.
0.14
-92.93%
1.02
628.57%
2.04
100.00%
1.70
-16.82%
1.39
-18.06%
1.45
4.60%
1.42
-2.08%
1.37
-3.55%
1.35
-1.47%

All data in USD

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

Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth
0.35
-26.35%
0.34
-48.99%
0.34
-4.61%
0.35
40.05%
0.36
0.95%
0.36
6.50%
0.37
7.35%
0.36
3.85%
0.37
4.72%
Revenue
Q2Q % growth
193.49M
5.50%
193.56M
2.79%
195.21M
3.12%
197.34M
2.04%
199.55M
3.13%
202.04M
4.38%
204.5M
4.76%
206.45M
4.62%
208.91M
4.69%
EBITDA
Q2Q % growth
174M
-53.93%
173.09M
5.09%
175.3M
-28.27%
177.43M
-43.26%
178.84M
2.78%
184.21M
6.42%
186.49M
6.38%
188.77M
6.39%
190.55M
6.55%
EBIT
Q2Q % growth
84.635M
-0.08%
88.456M
2.26%
90.799M
4.13%
93.132M
22.22%
95.475M
12.81%
97.415M
10.13%
99.758M
9.87%
102.09M
9.62%
104.43M
9.38%

All data in USD

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

SRC Yearly Revenue VS EstimatesSRC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
SRC Yearly EPS VS EstimatesSRC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
-10.67%
EPS Next 5 Year
-7.61%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
4.50%
Revenue Next 5 Year
6.45%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
29.69%
EBIT Next 5 Year
24.14%

Spirit Realty Capital Inc / SRC Forecast FAQ

What do analysts expect the price target to be for Spirit Realty Capital Inc (SRC)?

18 analysts have analysed SRC and the average price target is 44.35 USD. This implies a price increase of 4.82% is expected in the next year compared to the current price of 42.31.

When does Spirit Realty Capital Inc (SRC) report earnings?

Spirit Realty Capital Inc (SRC) will report earnings on 2024-02-22, after the market close.

What are the consensus estimates for SRC stock next earnings?

The consensus EPS estimate for the next earnings of Spirit Realty Capital Inc (SRC) is 0.35 USD and the consensus revenue estimate is 193.49M USD.

What is the expected long term growth rate for SRC stock?

The expected long term growth rate for Spirit Realty Capital Inc (SRC) is 4.5%.