Independence Realty Trust Inc reports results for the quarter ended in December - Earnings Summary
15/02/2024 24:09
* Independence Realty Trust Inc IRT.N reported a quarterly
adjusted loss of 18 cents per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 15 cents. The mean expectation of
six analysts for the quarter was for earnings of one cent per
share. Wall Street expected results to range from -15 cents
to 15 cents per share.
* Revenue rose 2.8% to $167.05 million from a year ago;
analysts
expected $166.73 million.
* Independence Realty Trust Inc's reported EPS for the
quarter was
a loss of 18 cents.
* The company reported a quarterly loss of $40.52 million.
* Independence Realty Trust Inc shares had fallen by 6.2%
this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the residential
reits
peer group is also "buy"
Wall Street's median 12-month price target for Independence
Realty Trust Inc is $17.00
This summary was machine generated from LSEG data February 15 at
12:09 a.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 0.30 0.30 Met
Sep. 30 2023 0.29 0.30 Beat
Jun. 30 2023 0.27 0.28 Beat
Mar. 31 2023 0.28 0.27 Missed