QTS Realty Trust Inc. [QTS] Earnings Preview: Things to Think About

Earnings from QTS Realty Trust Inc. [QTS] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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QTS Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$0.01 per share on revenue of $145.14M. Taking a look at the future, the company is projected to report revenue of $149.83M at an earnings per share of -$0.02 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 12.80% in revenue and 263.46% in earnings per share for the company.

QTS Stock Earnings Forecast For The Current Year

For the full financial year, QTS Realty Trust Inc. [NYSE:QTS] is forecasted to generate revenue of $608.63M. The figure is about $69.26 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.05 in 2021, which is $0.52 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 110.60% this year, 280.00% next year, and 151.20% annually over the next five years. With regard to sales, forecasts suggest an incline of 12.80% in current fiscal year and 12.80% over following year.

QTS Stock Price Performance

At a recent check today, QTS Realty Trust Inc. [NYSE:QTS] finished down -0.56% at $65.62. The stock’s day high price was $66.87, and its lowest was $65.72. Its price rose 0.35% in the last five days. Since the beginning of the year, QTS Realty Trust Inc.’s shares are up nearly 6.64%. However, the share price is -9.61% below its one year high. The top price reached by the shares of the company was $67.36 on 04/22/21, while the 52-week low came on 03/05/21, when the shares were $55.91. In the past year, shares of the company have risen 3.48%. At 50 days, the moving average achieved is $62.76 while at 200 days, the moving average is $63.92. There were 60140.0 shares traded in the last session, down from 0.72 million in the previous session.

QTS Realty Trust Inc. [NYSE:QTS] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 7.96 PS value ratio is reported for the last one year of reported earnings. This is below the average return 8.33 for the industry, which means QTS offers an attractive investment opportunity than its competitors do.

QTS Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 65.82 level, and the violation of this level will cause a further drop to 65.52 level. At the upper end, 67.82 remains a key resistance. As the stock increases, it may find resistance at 67.34. In the 14-day chart, the Relative Strength Index standing at 57.70 suggests a technical neutral stance while the MACD standing at 0.77 indicates price will decrease in the next trading period. Stochastic %K at 73.17% suggests holding the stock while Percent R indicator at 34.00% suggests low price movement.

How much is the short interest in QTS Realty Trust Inc.?

There have been a drop in short interest in the QTS Realty Trust Inc. Financial stock, with short interest down by -1.53 million shares to 8.53 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 7.0 million shares. This 17.94% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 14.79% of the overall float in the stock, while the stock’s days to cover moved to 13.38.

How do analysts view QTS Realty Trust Inc.?

In regard to the share price forecast for QTS Realty Trust Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $75.00 in the next twelve months, representing almost an 12.51% growth from its recent price of $65.62. Among QTS Realty Trust Inc. stock projections, $85.00 is the highest analyst target for the stock, while $60.00 is the lowest. Despite this, 21 analysts who share their consensus rating for QTS in 2021 agree that the stock is a Buy.

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