American Homes 4 Rent reports results for the quarter ended in September 30 - Earnings Summary

American Homes 4 Rent

30/10/2024 03:13

* American Homes 4 Rent  AMH.N  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  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 20 cents per share.
    * Revenue rose 5.5% to $445.06 million from a year ago;
analysts
expected $439.09 million. 
    * American Homes 4 Rent's reported EPS for the quarter was
20
cents​.
    * The company reported quarterly net income of $73.82
million.
    * American Homes 4 Rent shares had fallen by 0.4% this
quarter and
gained 6.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 8
"hold" and 1 "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 $41.50 
This summary was machine generated from LSEG data October 30 at
03:13 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
 Sep. 30 2024      0.43           0.44           Beat
 Jun. 30 2024      0.43           0.45           Beat
 Mar. 31 2024      0.43           0.43           Met
 Dec. 31 2023      0.42           0.43           Beat