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Compared to Estimates, American Homes 4 Rent (AMH) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2024, American Homes 4 Rent (AMH - Free Report) reported revenue of $423.56 million, up 6.5% over the same period last year. EPS came in at $0.43, compared to $0.32 in the year-ago quarter.
The reported revenue represents a surprise of +2.82% over the Zacks Consensus Estimate of $411.95 million. With the consensus EPS estimate being $0.43, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Homes 4 Rent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Same-Home core revenues: $334.10 million compared to the $305.52 million average estimate based on four analysts. The reported number represents a change of +12.1% year over year.
Revenues- Tenant charge-backs: $57.34 million versus the four-analyst average estimate of $57.08 million. The reported number represents a year-over-year change of +3.5%.
Revenues- Core revenues: $366.22 million compared to the $362.88 million average estimate based on four analysts. The reported number represents a change of +7% year over year.
Revenues- Non-Same-Home core revenues: $32.12 million versus the four-analyst average estimate of $57.19 million. The reported number represents a year-over-year change of -27.3%.
Net Earnings Per Share (Diluted): $0.30 versus $0.14 estimated by five analysts on average.
Shares of American Homes 4 Rent have remained unchanged over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, American Homes 4 Rent (AMH) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, American Homes 4 Rent (AMH - Free Report) reported revenue of $423.56 million, up 6.5% over the same period last year. EPS came in at $0.43, compared to $0.32 in the year-ago quarter.
The reported revenue represents a surprise of +2.82% over the Zacks Consensus Estimate of $411.95 million. With the consensus EPS estimate being $0.43, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Homes 4 Rent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Same-Home core revenues: $334.10 million compared to the $305.52 million average estimate based on four analysts. The reported number represents a change of +12.1% year over year.
- Revenues- Tenant charge-backs: $57.34 million versus the four-analyst average estimate of $57.08 million. The reported number represents a year-over-year change of +3.5%.
- Revenues- Core revenues: $366.22 million compared to the $362.88 million average estimate based on four analysts. The reported number represents a change of +7% year over year.
- Revenues- Non-Same-Home core revenues: $32.12 million versus the four-analyst average estimate of $57.19 million. The reported number represents a year-over-year change of -27.3%.
- Net Earnings Per Share (Diluted): $0.30 versus $0.14 estimated by five analysts on average.
View all Key Company Metrics for American Homes 4 Rent here>>>Shares of American Homes 4 Rent have remained unchanged over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.