Essex Property Trust Inc reports results for the quarter ended in September - Earnings Summary

Essex Property Trust

26/10/2023 23:15

* Essex Property Trust Inc  ESS.N  reported quarterly
adjusted
earnings of $1.36​​ per share for the quarter ended in
September. The mean expectation of nine analysts for the quarter
was for earnings of $1.42 per share.
    * Revenue rose 2.3% to $419.18 million from a year ago;
analysts
expected $419.54 million. 
    * Essex Property Trust Inc's reported EPS for the quarter
was
$1.36​.
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Essex Property Trust Inc shares had fallen by 0.9% this
quarter and lost 0.8% so far this year.
    * The company reported quarterly net income of $87.28
million.
    * Wall Street's median 12-month price target for Essex
Property
Trust Inc is $244.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 10:15 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      3.77           3.78           Beat
 Jun. 30 2023      3.73           3.77           Beat
 Mar. 31 2023      3.61           3.65           Beat
 Dec. 31 2022      3.73           3.77           Beat