We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gear Up for Essex Property Trust (ESS) Q3 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Essex Property Trust (ESS - Free Report) is expected to reveal quarterly earnings of $3.88 per share, indicating an increase of 2.7% compared to the year-ago period. Analysts forecast revenues of $445.88 million, representing an increase of 6.4% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Essex Property Trust metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Revenues- Rental and other property' should arrive at $442.96 million. The estimate indicates a change of +6.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Rental and other property revenues- Same-property revenue' of $414.89 million. The estimate indicates a change of +4.1% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Rental and other property- Other property' will reach $7.82 million. The estimate points to a change of +31.1% from the year-ago quarter.
Analysts forecast 'Revenue- Rental and other property- Rental income' to reach $442.24 million. The estimate indicates a year-over-year change of +7.8%.
Analysts' assessment points toward 'Financial Occupancies - Same-Property Portfolio' reaching 96.3%. The estimate is in contrast to the year-ago figure of 96.4%.
Analysts predict that the 'Depreciation and amortization' will reach $147.02 million. Compared to the present estimate, the company reported $137.36 million in the same quarter last year.
Shares of Essex Property Trust have experienced a change of +0.8% in the past month compared to the +1.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ESS is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gear Up for Essex Property Trust (ESS) Q3 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Essex Property Trust (ESS - Free Report) is expected to reveal quarterly earnings of $3.88 per share, indicating an increase of 2.7% compared to the year-ago period. Analysts forecast revenues of $445.88 million, representing an increase of 6.4% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Essex Property Trust metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Revenues- Rental and other property' should arrive at $442.96 million. The estimate indicates a change of +6.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Rental and other property revenues- Same-property revenue' of $414.89 million. The estimate indicates a change of +4.1% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Rental and other property- Other property' will reach $7.82 million. The estimate points to a change of +31.1% from the year-ago quarter.
Analysts forecast 'Revenue- Rental and other property- Rental income' to reach $442.24 million. The estimate indicates a year-over-year change of +7.8%.
Analysts' assessment points toward 'Financial Occupancies - Same-Property Portfolio' reaching 96.3%. The estimate is in contrast to the year-ago figure of 96.4%.
Analysts predict that the 'Depreciation and amortization' will reach $147.02 million. Compared to the present estimate, the company reported $137.36 million in the same quarter last year.
View all Key Company Metrics for Essex Property Trust here>>>
Shares of Essex Property Trust have experienced a change of +0.8% in the past month compared to the +1.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), ESS is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>