Equity Residential reports results for the quarter ended March 31 - Earnings Summary

• Equity Residential EQR.N reported quarterly adjusted earnings of 67 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of eleven analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 23 cents to 66 cents per share.

• Revenue rose 4.1% to $760.81 million from a year ago; analysts expected $767.15 million.

• Equity Residential's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of $256.24 million.

• Equity Residential shares had fallen by 3.2% this quarter and lost 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 15 "hold" and no "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is "hold."

• Wall Street's median 12-month price target for Equity Residential is $76.50

This summary was machine generated from LSEG data April 30 at 01:09 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)