Wall Street Zen upgrades AMREP stock to Sell amid weak results

Published on 10/14/2026 at 06:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell to USD 6.05 million in fiscal 2027 first quarter, down 66.10 percent. The target for AMREP stock fell from USD 26.00 to USD 22.00.

Rating change and results

Wall Street Zen upgraded AMREP from strong sell to sell on October 11, 2026.
Revenue fell 66.10 percent to USD 6.05 million in fiscal 2027 first quarter.
AMREP had 83 homes in production as of July 31, 2026, including 23 under contract.
The next estimated earnings date is December 14, 2026.

AXR, US0321591051, Illustration mit AI erstellt.

Wall Street Zen upgraded AMREP stock (ISIN US0321591051) from strong sell to sell on October 11, 2026, while the consensus target stood at USD 22.00 after Freedom Broker cut its target from USD 26.00. The rating change follows a fiscal 2027 first quarter in which revenue and earnings fell sharply.

Three dated signals for AMREP

AMREP reported USD 6.05 million of revenue and USD 0.05 of diluted earnings per share for the fiscal 2027 first quarter ended July 31, 2026, according to the company's AMREP Corporation investor-relations release dated September 11, 2026. Revenue was USD 17.85 million and diluted earnings per share were USD 0.87 in the year-earlier quarter.

On September 15, 2026, Freedom Broker lowered its target from USD 26.00 to USD 22.00 and retained a Hold rating, as reported by MarketBeat. On October 11, 2026, the same outlet reported that Wall Street Zen moved its rating from strong sell to sell.

What weakened in the quarter?

The revenue decline was concentrated in real estate. Land-sale revenue fell 97.70 percent to USD 173,000, while home-sale revenue declined 48.90 percent to USD 4.90 million, according to Yahoo Finance on September 16, 2026.

Homebuilding offered a counterpoint, but at a smaller scale. AMREP had 83 homes in production as of July 31, 2026, compared with 62 a year earlier, and 23 were under contract for USD 12.50 million of expected home-sale revenue, according to Yahoo Finance.

Cash flow adds pressure

Operating activities used USD 3.60 million in fiscal 2027 first quarter, compared with USD 9.50 million generated in the year-earlier period. Cash, US government securities and restricted cash totaled USD 49.10 million at July 31, 2026, down from USD 52.70 million at April 30, 2026, according to MyChesCo.

Next reporting date

MarketBeat lists December 14, 2026 as AMREP's next estimated earnings date. That date gives investors a scheduled checkpoint for whether the homebuilding pipeline can offset lower land-sale activity.

AMREP stock keeps a mixed profile

AMREP operates in real estate development, with land development and home construction as its principal activities. The latest figures show the tension clearly: 83 homes were in production, yet fiscal 2027 first-quarter revenue fell 66.10 percent from the prior-year period and operating cash flow turned negative.