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

Elme Communities

02/05/2024 24:30

* Elme Communities  ELME.N  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in March, identical
to the same quarter last year.  The lone analyst forecast for
the quarter was for a loss of 3 cents per share. 
    * Revenue rose 6.6% to $59.51 million from a year ago;
analysts
expected $58.79 million. 
    * Elme Communities's reported EPS for the quarter was a loss
of 4
cents​.
    * The company reported a quarterly loss of $3.65 million.
    * Elme Communities shares had risen by 8.9% this quarter and
gained 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.4%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "hold"

Wall Street's median 12-month price target for Elme Communities
is $14.50 
This summary was machine generated from LSEG data May 1 at 11:30
p.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
 Mar. 31 2024      0.22           0.23           Beat
 Dec. 31 2023      0.24           0.24           Met
 Sep. 30 2023      0.24           0.24           Met
 Jun. 30 2023      0.24           0.24           Met