Equity Residential expected to post earnings of 38 cents a share - Earnings Preview

Vivmark Residential

27/07/2024 02:10

* Equity Residential  EQR.N   EQR  is expected to show a
rise in
quarterly revenue when it reports  results on July 29 for the
period ending June 30 2024
    * The Chicago Illinois-based  company is expected to report
a
2.4% increase in revenue to $734.368 million from $717.31
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Equity Residential is
for
earnings of 38 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 14
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Equity
Residential is $70.00​, below​ its last closing price of $70.77.
​​​

The company's guidance on April 23 2024 for the period ended
June 30 was for Funds Flow from Operations between USD0.92 and
USD0.96.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.91        0.91       0.93      Beat    2.3
 Dec. 31 0001  0.99        1.00       1.00      Met     0
 Sep. 30 2023  0.97        0.97       0.96      Missed  -1.3​
 Jun. 30 2023  0.94        0.94       0.94      Met     -0.3
 ​​Mar.        0.87        0.88       0.87      Missed  -0.9
 31 2023                                                
 Dec. 31 2022  0.96        0.95       0.94      Missed  -0.9​
 Sep. 30 2022  0.92        0.92       0.92      Met     0.5
 Jan. 1 0001   0.86        0.86       0.89      Beat    3.9
 This summary was machine generated July 27 at 01:10 GMT.  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)