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

UDR

06/02/2024 23:34

* UDR Inc  UDR.N  reported quarterly adjusted earnings of 10
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 11 cents per share. Wall Street expected
results to range from 7 cents to 13 cents per share.
    * Revenue rose 3.1% to $410.89 million from a year ago;
analysts
expected $409.80 million. 
    * UDR Inc's reported EPS for the quarter was 10 cents​.
    * The company reported quarterly net income of $31.76
million.
    * UDR Inc shares had fallen by 7.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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 9 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is  "hold."

Wall Street's median 12-month price target for UDR Inc is $39.00
This summary was machine generated from LSEG data February 6 at
11:34 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      0.63           0.63           Met
 Sep. 30 2023      0.63           0.63           Met
 Jun. 30 2023      0.62           0.63           Beat
 Mar. 31 2023      0.61           0.60           Missed