Elme Communities reports results for the quarter ended in June - Earnings Summary

Elme Communities

31/07/2023 23:24

* Elme Communities  ELME.N  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of one cent
per share.
    * Revenue rose 10.2% to $56.60 million from a year ago;
analysts
expected $56.71 million. 
    * Elme Communities's reported EPS for the quarter was a loss
of 3
cents​.
    * The mean earnings estimate of analysts had fallen 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. 
    * Elme Communities shares had fallen by 1.6% this
quarter and
lost 9.2% so far this year.
    * The company reported a quarterly loss of $2.61 million.
    * Wall Street's median 12-month price target for Elme
Communities
is $18.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 10:24 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.24           0.24           Met
 Mar. 31 2023      0.24           0.24           Met
 Dec. 31 2022      0.25           0.21           Missed
 Sep. 30 2022      0.23           0.23           Met