Elme Communities expected to post a loss of 3 cents a share - Earnings Preview

Reuters11-02

* Elme Communities is expected to show a rise in quarterly revenue when it reports results on November 4 for the period ending September 30 2024

* The Bethesda Maryland-based company is expected to report a 6.5% increase in revenue to $60.313 million from $56.65 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data. (SAL Represent Rental Revenue)

* LSEG's mean analyst estimate for Elme Communities is for a loss of 3 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "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 Elme Communities is $17.50, above its last closing price of $16.48.

This summary was machine generated November 2 at 03:53 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)

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