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

Elme Communities

27/10/2022 22:51

* Elme Communities  ELME.N  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in September. The
lone analyst forecast for the quarter was for a loss of 6 cents
per share.
    * Revenue rose 28.5% to $54.60 million from a year ago;
analysts
expected $53.20 million. 
    * Elme Communities's reported EPS for the quarter was a loss
of 12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 risen by 5.5% this quarter and
lost 28.3% so far this year.
    * The company reported a quarterly loss of $10.74 million.
    * Wall Street's median 12-month price target for Elme
Communities
is $22.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 09:51 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.23           0.15           Missed
 Jun. 30 2022      0.22           0.21           Missed
 Mar. 31 2022      0.20           0.20           Met
 Dec. 31 2021      0.18           0.17           Missed