AP Earnings Prediction
The chart below shows how AP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AP sees a +3.80% change in stock price 10 days leading up to the earnings, and a -0.10% change 10 days following the report. On the earnings day itself, the stock moves by +1.59%. This data can give you a slight idea of what to expect for the next quarter's release.
AP Key Earning Data
2024/Q4
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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AP Earnings Analysis
Ampco-Pittsburgh Corp Corporation (AP.N) Earnings Conference Call
Positive
Retention Rate Improvement: Improved retention rate to 69% in 2024, up from 61% in 2023, with expectations to reach historical levels of 75% in 2025.
Net Operating Income Increase: Net operating income increased by 6.5% compared to Q4 2023, reflecting strong operational performance.
Net Rent Increase Analysis: Average in-place net rent per occupied square foot rose by 5.4%, from $24.1 to $25.41, indicating effective pricing strategies.
EBITDA Growth Projection: Development completions are expected to add $13 million to the annual EBITDA run rate in 2025, enhancing overall financial performance.
Non-Core Asset Dispositions: Dispositions of non-core assets totaled $229 million in 2024, exceeding the target of $200 million, with all proceeds allocated to debt repayment.
Negative
FFO and AFFO Contraction: The company anticipates a contraction of approximately 4% in FFO and AFFO, primarily due to lower interest income and higher interest expenses.
Core Operations Performance: Despite a 6.5% increase in net operating income, the same asset NOI growth for the total portfolio was only 2.2%, indicating sluggish performance in core operations.
Rising Net Interest Expense: The anticipated net interest expense is expected to rise in 2025 as a result of 2024 acquisitions and lower capitalized interest, which could pressure profitability.
Debt to EBITDA Target: The company is targeting a net debt to EBITDA ratio below 10 times by the end of 2025, but a temporary increase is expected in Q1 2025 due to recent acquisitions.
Leasing Activity Impact: The leasing activity is back-end weighted, suggesting a slow start to occupancy gains, which may hinder revenue growth in the early part of 2025.
AP FAQs
How does AP typically perform around its earnings report dates?
Is Ampco-Pittsburgh Corp (AP) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
AP Earning Call Sentiment
Earnings call transcript: Allied Properties REIT Q4 2024 sees NOI growth
AP.N
0%Positive
The earnings call summary indicates strong financial performance with increased leasing activity, higher retention rates, and significant NOI growth. The Q&A section reveals some uncertainties, particularly around CMHC financing and occupancy gains, but overall, the sentiment remains positive due to optimistic guidance and strategic debt reduction efforts. Given the lack of a market cap, the stock is likely to experience a moderate positive movement in the next two weeks.
