Independence Realty Trust Inc expected to post earnings of 1 cent a share - Earnings Preview

Independence Realty Trust

13/02/2024 24:06

* Independence Realty Trust Inc  IRT.N   IRT  is expected
to show
a rise in quarterly revenue when it reports  results on February
14 for the period ending December 31 2023
    * The Philadelphia Pennsylvania-based  company is expected
to
report a 2.6% increase in revenue to $166.731 million from
$162.49 million a year ago, according to the mean estimate from
9 analysts, based on LSEG data. (SAL is on Total
Revenue/Property Revenue basis)
    * ​LSEG's mean analyst estimate for Independence Realty
Trust Inc
is for earnings of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"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
Independence
Realty Trust Inc is $17.00​, above​ its last closing price
of $14.81. ​​​

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 2023  0.29        0.29       0.30      Beat    2.1
 Jun. 30 2023  0.27        0.27       0.28      Beat    1.9
 Mar. 31 2023  0.28        0.28       0.27      Missed  -4.2​
 Dec. 31 2022  0.28        0.29       0.29      Met     1.7
 ​​Sep.        0.27        0.27       0.28      Beat    3.8
 30 2022                                                
 Jun. 30 2022  0.26        0.26       0.26      Met     0.9​
 Mar. 31 2022  0.24        0.24       0.25      Beat    3.8
 Dec. 31 2021  0.22        0.23       0.24      Beat    6.4
 This summary was machine generated February 13 at 00:06 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)