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

Invitation Homes

01/05/2024 24:24

* Invitation Homes Inc  INVH.N  reported quarterly adjusted
earnings of 23 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 20 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 9.5% to $646.04 million from a year ago;
analysts
expected $631.57 million. 
    * Invitation Homes Inc's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $142.16
million.
    * Invitation Homes Inc shares had fallen by 2.9% this
quarter and
gained 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 13 "strong buy" or "buy," 10
"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 April 30 at
11:24 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      0.46           0.47           Beat
 Dec. 31 2023      0.45           0.45           Met
 Sep. 30 2023      0.45           0.44           Missed
 Jun. 30 2023      0.45           0.44           Missed