Independence Realty Trust Inc expected to post earnings of 8  cents a share - Earnings Preview

Independence Realty Trust

28/10/2023 03:06

* Independence Realty Trust Inc  IRT.N   IRT  is expected
to show
a rise in quarterly revenue when it reports  results on October
30. 
    * The Philadelphia Pennsylvania-based  company is expected
to
report  a 4.2% increase in revenue to $167.364 million from
$160.6 million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Independence Realty
Trust
Inc is for earnings of 8 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "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 $20​, above​ its last closing price
of $12.20. ​​​

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  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. 30 2022  0.27        0.27       0.28      Beat    3.8
 ​​Jun.        0.26        0.26       0.26      Met     0.9
 30 2022                                                
 Mar. 31 2022  0.24        0.24       0.25      Beat    3.8​
 Dec. 31 2021  0.22        0.23       0.24      Beat    6.4
 Sep. 30 2021  0.20        0.20       0.21      Beat    4.8
 This summary was machine generated October 28 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated