American Homes 4 Rent reports results for the quarter ended March 31 - Earnings Summary

• American Homes 4 Rent AMH.N reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of ten analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 9 cents to 22 cents per share.

• Revenue rose 8.4% to $459.28 million from a year ago; analysts expected $448.93 million.

• American Homes 4 Rent's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $109.97 million.

• American Homes 4 Rent shares had risen by 0.2% this quarter and gained 1.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy"

• Wall Street's median 12-month price target for American Homes 4 Rent is $39.00

This summary was machine generated from LSEG data May 2 at 06:24 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)