* Essex Property Trust Inc reported quarterly adjusted earnings of $4.25 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $2.38. The mean expectation of twelve analysts for the quarter was for earnings of $1.29 per share. Wall Street expected results to range from 92 cents to $1.51 per share.
* Revenue rose 4.2% to $426.93 million from a year ago; analysts expected $421.41 million.
* Essex Property Trust Inc's reported EPS for the quarter was $4.25.
* The company reported quarterly net income of $272.73 million.
* Essex Property Trust Inc shares had risen by 1.3% this quarter and held steady so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 0.2% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 15 "hold" and 3 "sell" or "strong sell."
* Wall Street's median 12-month price target for Essex Property Trust Inc is $244.00
This summary was machine generated from LSEG data May 1 at 03:53 a.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 3.75 3.83 Beat
Dec. 31 2023 3.81 3.83 Beat
Sep. 30 2023 3.77 3.78 Beat
Jun. 30 2023 3.73 3.77 Beat
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