American Homes 4 Rent reports results for the quarter ended in June - Earnings Summary

American Homes 4 Rent

02/08/2024 02:26

* American Homes 4 Rent  AMH.N  reported quarterly adjusted
earnings of 25 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 27 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 8 cents to 19 cents per share.
    * Revenue rose 7.1% to $423.49 million from a year ago;
analysts
expected $418.19 million. 
    * American Homes 4 Rent's reported EPS for the quarter was
25
cents​.
    * The company reported quarterly net income of $92.14
million.
    * American Homes 4 Rent shares had fallen by 2.9% this
quarter and
gained 0.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 10
"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 $41.00 
This summary was machine generated from LSEG data August 2 at
01:25 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
 Jun. 30 2024      0.43           0.45           Beat
 Mar. 31 2024      0.43           0.43           Met
 Dec. 31 2023      0.42           0.43           Beat
 Sep. 30 2023      0.41           0.41           Met