Independence Realty Trust Inc expected to post earnings of 4  cents a share - Earnings Preview

Independence Realty Trust

25/04/2023 03:02

* Independence Realty Trust Inc  IRT.N   IRT  is expected
to show
a rise in quarterly revenue when it reports  results on April
26. 
    * The Philadelphia Pennsylvania-based  company is expected
to
report  a 7.6% increase in revenue to $161.741 million from
$150.36 million a year ago, according to the mean estimate from
9 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Independence Realty
Trust
Inc is for earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for
Independence
Realty Trust Inc is $20​, above​ its last closing price
of $16.14. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.28        0.29       0.29      Met     1.7
 Sep. 30 2022  0.27        0.27       0.28      Beat    3.8
 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.        0.22        0.23       0.24      Beat    6.4
 31 2021                                                
 Sep. 30 2021  0.20        0.20       0.21      Beat    4.8​
 Jun. 30 2021  0.19        0.19       0.20      Beat    7
 Mar. 31 2021  0.20        0.19       0.18      Missed  -7.5
 This summary was machine generated April 25 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated