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

Independence Realty Trust

26/10/2022 22:02

* Independence Realty Trust Inc  IRT.N  reported quarterly
adjusted earnings of 7 cents​​ per share for the quarter ended
in September. The mean expectation of six analysts for the
quarter was for earnings of one cent per share.
    * Revenue rose 165.1% to $160.60 million from a year ago;
analysts
expected $160.24 million. 
    * Independence Realty Trust Inc's reported EPS for the
quarter was
7 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Independence Realty Trust Inc shares had fallen by 2.0%
this
quarter and lost 36.5% so far this year.
    * The company reported quarterly net income of $16.22
million.
    * Wall Street's median 12-month price target for
Independence
Realty Trust Inc is $25.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
26 at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.27           0.28           Beat
 Jun. 30 2022      0.26           0.26           Met
 Mar. 31 2022      0.24           0.25           Beat
 Dec. 31 2021      0.23           0.24           Beat