* Elme Communities reported a quarterly adjusted loss of 3 cents per share for the quarter ended in January, identical to the same quarter last year. The lone analyst forecast for the quarter was for a loss of 3 cents per share.
* Revenue rose 6.2% to $60.10 million from a year ago; analysts expected $60.37 million.
* Elme Communities's reported EPS for the quarter was a loss of 4 cents.
* The company reported a quarterly loss of $3.47 million.
* Elme Communities shares had risen by 4.8% this quarter and gained 14.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 1.7% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the residential reits peer group is also "hold"
Wall Street's median 12-month price target for Elme Communities is $15.00 This summary was machine generated from LSEG data August 2 at 09:56 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
Jun. 30 2024 0.23 0.23 Met
Mar. 31 2024 0.22 0.23 Beat
Dec. 31 2023 0.24 0.24 Met
Sep. 30 2023 0.24 0.24 Met
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