COLD Stock Recent News

The headline numbers for Americold Realty Trust Inc. (COLD) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

ATLANTA, GA, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled logistics real estate and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, today announced that the Company will release third quarter 2023 financial results after the market closes on Thursday, November 2, 2023. A conference call will be held on Thursday, November 2, 2023 at 5:00 p.m. Eastern Time.

Despite the economic uncertainty and high interest rates, Zacks REIT and Equity Trust - Other industry stocks WELL, COLD and EGP may benefit from growth in the digital economy, an aging population and resilient demand for food infrastructure.

Americold Realty Trust Inc. (COLD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Americold Realty Trust, Inc. has bucked the trend of share price declines and has the ability to adjust prices more readily than other REIT classes. The company has experienced growth in same-store NOI and is well-positioned to consolidate the sector and strengthen customer relationships. The stock is reasonably attractive at present for growth investors who would like to own essential real estate in the food supply chain.

Americold Realty Trust, Inc. stock has surged 17.6% in recent months, outperforming the S&P 500. The company's financial performance has been mixed, with revenue declining and operating cash flow plunging. Despite optimism about future growth, the stock is considered pricey and there are more appealing investment opportunities available.

Here is how Americold Realty Trust Inc. (COLD) and Bain Capital Specialty (BCSF) have performed compared to their sector so far this year.

Americold Realty Trust Inc. (COLD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

GIII, AGESY and COLD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 12, 2023.

The growth and safety of the global frozen food market may be at risk without resilient cold storage supply chain infrastructure.