Independence Realty Trust Inc reports results for the quarter ended in March - Earnings Summary
24/04/2024 22:55
* Independence Realty Trust Inc IRT.N reported quarterly
adjusted earnings of 8 cents per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 4 cents. The mean expectation of
six analysts for the quarter was for earnings of 12 cents per
share. Wall Street expected results to range from 5 cents to 22
cents per share.
* Revenue fell 0.5% to $160.53 million from a year ago;
analysts
expected $161.03 million.
* Independence Realty Trust Inc's reported EPS for the
quarter was
8 cents.
* The company reported quarterly net income of $17.58
million.
* Independence Realty Trust Inc shares had fallen by 2.9%
this
quarter and gained 2.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.
* In the last 30 days, there have been no negative revisions
of
earnings estimates
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 $18.00
This summary was machine generated from LSEG data April 24 at
09:55 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
Mar. 31 2024 0.27 0.27 Met
Dec. 31 2023 0.30 0.30 Met
Sep. 30 2023 0.29 0.30 Beat
Jun. 30 2023 0.27 0.28 Beat