American Homes 4 Rent reports results for the quarter ended in December - Earnings Summary
23/02/2024 03:00
* American Homes 4 Rent AMH.N reported quarterly adjusted
earnings of 21 cents per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 25 cents. The mean expectation of
ten analysts for the quarter was for earnings of 13 cents per
share. Wall Street expected results to range from 9 cents to 18
cents per share.
* Revenue rose 7.3% to $408.66 million from a year ago;
analysts
expected $407.35 million.
* American Homes 4 Rent's reported EPS for the quarter was
21
cents.
* The company reported quarterly net income of $76.62
million.
* American Homes 4 Rent shares had fallen by 3.4% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the residential
reits
peer group is also "buy"
Wall Street's median 12-month price target for American Homes 4
Rent is $39.00
This summary was machine generated from LSEG data February 23 at
03:00 a.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 0.42 0.43 Beat
Sep. 30 2023 0.41 0.41 Met
Jun. 30 2023 0.40 0.41 Beat
Mar. 31 2023 0.39 0.41 Beat