Essential Properties Realty Trust Inc reports results for the quarter ended in December - Earnings Summary

Essential Properties Realty Trust

14/02/2024 23:40

* Essential Properties Realty Trust Inc  EPRT.N  reported
quarterly adjusted earnings of 31 cents​​ per share for the
quarter ended in December, higher than the same quarter last
year, when the company reported EPS of 25 cents.  The mean
expectation of four analysts for the quarter was for earnings of
26 cents per share. Wall Street expected results to range from
24 cents to 28 cents per share.
    * Revenue rose 31.6% to $97.73 million from a year ago;
analysts
expected $93.62 million. 
    * Essential Properties Realty Trust Inc's reported EPS for
the
quarter was 31 cents​.
    * The company reported quarterly net income of $49.1
million.
    * Essential Properties Realty Trust Inc shares had fallen
by 5.3%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
reits
peer group is also "buy"

Wall Street's median 12-month price target for Essential
Properties Realty Trust Inc is $27.50 
This summary was machine generated from LSEG data February 14 at
11:40 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
 Dec. 31 2023      0.44           0.46           Beat
 Sep. 30 2023      0.43           0.45           Beat
 Jun. 30 2023      0.42           0.41           Missed
 Mar. 31 2023      0.40           0.42           Beat