* Essential Properties Realty Trust Inc reported quarterly adjusted earnings of 27 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of six analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 29 cents to 32 cents per share.
* Revenue rose 27.8% to $117.13 million from a year ago; analysts expected $113.10 million.
* Essential Properties Realty Trust Inc's reported EPS for the quarter was 27 cents.
* The company reported quarterly net income of $49.14 million.
* Essential Properties Realty Trust Inc shares had fallen by 1.0% this quarter and gained 32.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.2% 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 14 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the diversified reits peer group is also "buy"
Wall Street's median 12-month price target for Essential Properties Realty Trust Inc is 35.00 This summary was machine generated from LSEG data October 24 at 03:05 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
Sep. 30 2024 0.48 0.48 Met
Jun. 30 2024 0.47 0.47 Met
Mar. 31 2024 0.46 0.46 Met
Dec. 31 2023 0.44 0.46 Beat
Comments