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

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)