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

Equity Lifestyle Properties

22/04/2024 22:54

* Equity LifeStyle Properties Inc  ELS.N  reported quarterly
adjusted earnings of 59 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 44 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 49 cents per
share. Wall Street expected results to range from 46 cents to 51
cents per share.
    * Revenue rose 4.5% to $386.60 million from a year ago;
analysts
expected $387.14 million. 
    * Equity LifeStyle Properties Inc's reported EPS for the
quarter
was 59 cents​.
    * The company reported quarterly net income of $109.9
million.
    * Equity LifeStyle Properties Inc shares had fallen by 2.6%
this
quarter and lost 11.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Equity
LifeStyle
Properties Inc is $71.75 

This summary was machine generated from LSEG data April 22 at
09:54 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      0.77           0.78           Beat
 Dec. 31 2023      0.71           0.71           Met
 Sep. 30 2023      0.72           0.71           Missed
 Jun. 30 2023      0.66           0.66           Met