Equity LifeStyle Properties Inc reports results for the quarter ended in December - Earnings Summary

Equity Lifestyle Properties

30/01/2024 10:36

* Equity LifeStyle Properties Inc  ELS.N  reported quarterly
adjusted earnings of 49 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 39 cents.  The mean expectation of
five analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 43 cents to 44
cents per share.
    * Revenue rose 5.9% to $360.64 million from a year ago;
analysts
expected $356.78 million. 
    * Equity LifeStyle Properties Inc's reported EPS for the
quarter
was 49 cents​.
    * The company reported quarterly net income of $91.93
million.
    * Equity LifeStyle Properties Inc shares had fallen by 5.2%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"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 Equity LifeStyle
Properties Inc is $71.00 
This summary was machine generated from LSEG data January 30 at
10:35 a.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
 Dec. 31 2023      0.71           0.71           Met
 Sep. 30 2023      0.72           0.71           Missed
 Jun. 30 2023      0.66           0.66           Met
 Mar. 31 2023      0.75           0.74           Missed