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

Independence Realty Trust

26/07/2023 22:40

* Independence Realty Trust Inc  IRT.N  reported quarterly
adjusted earnings of 5 cents​​ per share for the quarter ended
in June. The mean expectation of six analysts for the quarter
was for earnings of 5 cents per share.
    * Revenue rose 5.9% to $163.96 million from a year ago;
analysts
expected $164.95 million. 
    * Independence Realty Trust Inc's reported EPS for the
quarter was
5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 fallen by 6.1%
this
quarter and gained 1.5% so far this year.
    * The company reported quarterly net income of $10.71
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," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.27           0.28           Beat
 Mar. 31 2023      0.28           0.27           Missed
 Dec. 31 2022      0.29           0.29           Met
 Sep. 30 2022      0.27           0.28           Beat