Independence Realty Trust Inc reports results for the quarter ended in June - Earnings Summary
31/07/2024 23:09
* Independence Realty Trust Inc IRT.N reported quarterly
adjusted earnings of 5 cents per share for the quarter ended
in June, identical to the same quarter last year. The mean
expectation of six analysts for the quarter was for earnings of
7 cents per share. Wall Street expected results to range from 4
cents to 11 cents per share.
* Revenue fell 3.6% to $158.10 million from a year ago;
analysts
expected $161.24 million.
* Independence Realty Trust Inc's reported EPS for the
quarter was
5 cents.
* The company reported quarterly net income of $10.35
million.
* Independence Realty Trust Inc shares had fallen by 0.5%
this
quarter and gained 21.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 0.2%
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 8 "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 $18.00
This summary was machine generated from LSEG data July 31 at
10:09 p.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
Jun. 30 2024 0.28 0.28 Met
Mar. 31 2024 0.27 0.27 Met
Dec. 31 2023 0.30 0.30 Met
Sep. 30 2023 0.29 0.30 Beat