Elme Communities expected to post a loss of 3 cents a share - Earnings Preview

Elme Communities

29/04/2024 22:17

* Elme Communities  ELME.N   ELME.K  is expected to show a
rise in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Bethesda Maryland-based  company is expected to report
a
5.3% increase in revenue to $58.793 million from $55.81 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Elme Communities is for
a loss
of 3 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Elme
Communities
is $14.50​, below​ its last closing price of $15.04. ​​​

This summary was machine generated April 29 at 21:17 GMT.  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)