Essex Property Trust Inc expected to post earnings of $1.42 a share - Earnings Preview

Essex Property Trust

24/10/2023 23:13

* Essex Property Trust Inc  ESS.N   ESS  is expected to show
a
rise in quarterly revenue when it reports  results on October
26. 
    * The San Mateo California-based  company is expected to
report  a
2.4% increase in revenue to $419.538 million from $409.75
million a year ago, according to the mean estimate from 15
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Essex Property
Trust Inc
is for earnings of $1.42 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 18
"hold" and 3 "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 $244.5​, above​ its last closing price of $214.70.
​​​

The company's guidance on July 27 2023 for the period ended
September 30 was for Funds Flow from Operations between USD3.69
and USD3.81.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2022  3.67        3.67       3.69      Beat    0.6
 ​​Jun.        3.57        3.54       3.68      Beat    3.9
 30 2022                                                
 Mar. 31 2022  3.35        3.34       3.37      Beat    0.9​
 Dec. 31 2021  3.23        3.22       3.25      Beat    0.8
 Sep. 30 2021  3.10        3.11       3.12      Beat    0.4
 This summary was machine generated October 24 at 22:13 GMT.  All
figures in US dollars  unless otherwise stated