Essential Properties Realty Trust Inc reports results for the quarter ended in September 30 - Earnings Summary

Essential Properties Realty Trust

24/10/2024 04:05

* Essential Properties Realty Trust Inc  EPRT.N  reported
quarterly adjusted earnings of 27 cents​​ per share for the
quarter ended September 30, lower than the same quarter last
year, when the company reported EPS of 29 cents.  The mean
expectation of six analysts for the quarter was for earnings of
31 cents per share. Wall Street expected results to range from
29 cents to 32 cents per share.
    * Revenue rose 27.8% to $117.13 million from a year ago;
analysts
expected $113.10 million. 
    * Essential Properties Realty Trust Inc's reported EPS for
the
quarter was 27 cents​.
    * The company reported quarterly net income of $49.14
million.
    * Essential Properties Realty Trust Inc shares had fallen
by 1.0%
this quarter and gained 32.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 14 "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 35.00 
This summary was machine generated from LSEG data October 24 at
03:05 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
 Sep. 30 2024      0.48           0.48           Met
 Jun. 30 2024      0.47           0.47           Met
 Mar. 31 2024      0.46           0.46           Met
 Dec. 31 2023      0.44           0.46           Beat