Independence Realty Trust Inc reports results for the quarter ended in December - Earnings Summary

Independence Realty Trust

15/02/2023 22:47

* Independence Realty Trust Inc  IRT.N  reported quarterly
adjusted earnings of 15 cents​​ per share for the quarter ended
in December. The mean expectation of seven analysts for the
quarter was for earnings of 6 cents per share.
    * Revenue rose 111.6% to $162.49 million from a year ago;
analysts
expected $163.76 million. 
    * Independence Realty Trust Inc's reported EPS for the
quarter was
15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Independence Realty Trust Inc shares had risen by 14.5%
this
quarter.
    * The company reported quarterly net income of $33.63
million.
    * Wall Street's median 12-month price target for
Independence
Realty Trust Inc is $21.00 
    * 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." 

This summary was machine generated from Refinitiv data February
15 at 10:47 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.29           0.29           Met
 Sep. 30 2022      0.27           0.28           Beat
 Jun. 30 2022      0.26           0.26           Met
 Mar. 31 2022      0.24           0.25           Beat