Essex Property Trust Inc expected to post earnings of $1.37 a share - Earnings Preview

Essex Property Trust

27/10/2024 14:58

* Essex Property Trust Inc  ESS.N   ESS  is expected to show
a
rise in quarterly revenue when it reports  results on October 29
for the period ending September 30 2024
    * The San Mateo California-based  company is expected to
report a
6.1% increase in revenue to $444.889 million from $419.18
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data. (Revenue basis is on Rental and
other property revenue)
    * ​LSEG's mean analyst estimate for Essex Property Trust Inc
is
for earnings of $1.37 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 19
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Essex
Property
Trust Inc is 309.00​, above​ its last closing price of $295.65.
​​​

The company's guidance on July 31 2024 for the period ended
September 30 was for Funds Flow from Operations .
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   3.87        3.85       3.94      Beat    2.3
 Mar. 31 0001  3.76        3.75       3.83      Beat    2
 Jan. 1 0001   3.82        3.81       3.83      Beat    0.5​
 Sep. 30 2023  3.77        3.77       3.78      Beat    0.4
 ​​Jan.        3.75        3.73       3.77      Beat    1
 1 0001                                                 
 Jan. 1 0001   3.62        3.61       3.65      Beat    1.1​
 Dec. 31 2022  3.73        3.73       3.77      Beat    1
 Sep. 30 2022  3.67        3.67       3.69      Beat    0.6
 This summary was machine generated October 27 at 14:57 GMT.  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)