Essex Property Trust Inc expected to post earnings of $1.38 a share - Earnings Preview

Essex Property Trust

31/01/2025 21:04

* Essex Property Trust Inc  ESS.N   ESS  is expected to show
a
rise in quarterly revenue when it reports  results on February 4
for the period ending December 31 2024
    * The San Mateo California-based  company is expected to
report a
7.0% increase in revenue to $451.404 million from $421.75
million a year ago, according to the mean estimate from 16
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 $1.38 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 17
"hold" and 2 "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 $302.50​, above​ its last closing price of $281.16.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2024  3.89        3.88       3.91      Beat    0.7
 Jun. 30 2024  3.87        3.85       3.94      Beat    2.3
 Mar. 31 2024  3.76        3.75       3.83      Beat    2​
 Dec. 31 2023  3.82        3.81       3.83      Beat    0.5
 ​​Sep.        3.77        3.77       3.78      Beat    0.4
 30 2023                                                
 Jun. 30 2023  3.75        3.73       3.77      Beat    1​
 Mar. 31 2023  3.62        3.61       3.65      Beat    1.1
 Dec. 31 2022  3.73        3.73       3.77      Beat    1
 This summary was machine generated January 31 at 21:04 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)