Essential Properties Realty Trust Inc EPRT.N reported quarterly adjusted earnings of 32 cents per share for the quarter ended June 30, higher 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 30 cents to 32 cents per share.
Revenue rose 25.4% to $137.06 million from a year ago; analysts expected $131.61 million.
Essential Properties Realty Trust Inc's reported EPS for the quarter was 32 cents.
The company reported quarterly net income of $63.21 million.
Essential Properties Realty Trust Inc shares had fallen by 3.3% this quarter and lost 1.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.4% 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 16 "strong buy" or "buy," 3 "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 $36.00, about 15.1% above its last closing price of $30.58
This summary was machine generated from LSEG data July 23 at 09:01 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)