Invitation Homes Inc reports results for the quarter ended in December - Earnings Summary

Invitation Homes

13/02/2024 22:38

* Invitation Homes Inc  INVH.N  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 16 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 15 cents to 23
cents per share.
    * Revenue rose 7.7% to $624.32 million from a year ago;
analysts
expected $623.64 million. 
    * Invitation Homes Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $129.37
million.
    * Invitation Homes Inc shares had fallen by 3.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 14 "strong buy" or "buy," 9
"hold" and no "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 Invitation Homes
Inc is $38.00 
This summary was machine generated from LSEG data February 13 at
10:38 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
 Dec. 31 2023      0.45           0.45           Met
 Sep. 30 2023      0.45           0.44           Missed
 Jun. 30 2023      0.45           0.44           Missed
 Mar. 31 2023      0.44           0.44           Met