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

American Homes 4 Rent

03/11/2023 06:31

* American Homes 4 Rent  AMH.N  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 14 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 11 cents per
share. Wall Street expected results to range from 8 cents to 16
cents per share.
    * Revenue rose 7.7% to $421.70 million from a year ago;
analysts
expected $408.98 million. 
    * American Homes 4 Rent's reported EPS for the quarter was
20
cents​.
    * The company reported quarterly net income of $77.6
million.
    * American Homes 4 Rent shares had fallen by 0.6% this
quarter and
gained 11.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 9 "strong buy" or "buy," 12
"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 $37.00 
This summary was machine generated from LSEG data November 3 at
06:30 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.41           0.41           Met
 Jun. 30 2023      0.40           0.41           Beat
 Mar. 31 2023      0.39           0.41           Beat
 Dec. 31 2022      0.40           0.40           Met