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

Essential Properties Realty Trust

24/07/2024 22:37

* Essential Properties Realty Trust Inc  EPRT.N  reported
quarterly adjusted earnings of 29 cents​​ per share for the
quarter ended in June, lower than the same quarter last year,
when the company reported EPS of 35 cents.  The mean expectation
of five analysts for the quarter was for earnings of 29 cents
per share. Wall Street expected results to range from 28 cents
to 30 cents per share.
    * Revenue rose 26.3% to $109.27 million from a year ago;
analysts
expected $106.80 million. 
    * Essential Properties Realty Trust Inc's reported EPS for
the
quarter was 29 cents​.
    * The company reported quarterly net income of $51.52
million.
    * Essential Properties Realty Trust Inc shares had risen
by 11.7%
this quarter and gained 21.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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 13 "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 $29.50 
This summary was machine generated from LSEG data July 24 at
09:37 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      0.47           0.43           Missed
 Mar. 31 2024      0.46           0.46           Met
 Dec. 31 2023      0.44           0.46           Beat
 Sep. 30 2023      0.43           0.45           Beat