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

Equity Lifestyle Properties

22/07/2024 23:40

* Equity LifeStyle Properties Inc  ELS.N  reported quarterly
adjusted earnings of 42 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 34 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 33 cents to 38
cents per share.
    * Revenue rose 2.7% to $380.02 million from a year ago;
analysts
expected $375.13 million. 
    * Equity LifeStyle Properties Inc's reported EPS for the
quarter
was 42 cents​.
    * The company reported quarterly net income of $78.3
million.
    * Equity LifeStyle Properties Inc shares had risen by 4.1%
this
quarter and lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for Equity LifeStyle
Properties Inc is $70.00 
This summary was machine generated from LSEG data July 22 at
10:40 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
 Jun. 30 2024      0.65           0.66           Beat
 Mar. 31 2024      0.77           0.78           Beat
 Dec. 31 2023      0.71           0.71           Met
 Sep. 30 2023      0.72           0.71           Missed