CoreSite Realty Corporation (COR): What Are The Future Prospects?
CoreSite Realty Corporation (NYSE:COR) is predicted to grow its earnings per share by a high double-digit 59.77% over the next three years. At a current EPS of $1.758, this growth rate means shareholders can expect an impending EPS of $2.808. To determine whether this growth rate expectation is justified, we should take a look at how the company has been performing in the past. See our latest analysis for COR
Exciting times ahead?
Analysts are predicting good growth prospects for CoreSite Realty over the next couple of years. Expectation from the stock’s 13 analysts is one of positive sentiment, with earnings estimated to grow from current levels of $1.758 to $2.808 over the next couple of years. This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 59.77% over the next few years. In the same period revenue is expected to increase from $445M to $622M and profit is predicted to rise from $59M to $94M in the next couple of years, roughly growing 1.6x. Furthermore, margins are on track to be a respectable 15.22% in the future.
Is this similar growth to the past?
The past can be a great indicator for future performance for a stock. We can determine whether this level of expected growth is highly excessive or whether the company has consistently exhibited strength. COR’s earnings growth the past couple of years was 46.10% which indicates that the company’s past performance is supportive of a strong continuation. This means COR has already proven its capacity to grow at a robust rate, which should give investors higher conviction of analysts’ consensus prediction for the company’s future growth going forward.
Next Steps:
For COR, I’ve put together three key factors you should look at:
1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
2. Valuation: What is COR worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether COR is currently mispriced by the market.
3. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of COR? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
