Equity Residential (NYSE: EQR) has announced that it will be releasing its financial results for the third quarter of 2024 on Wednesday 30th October 2024. The report will be made available after market close, allowing investors and analysts to evaluate the company's performance during this period.
It is anticipated by financial experts on Wall Street that the company is set to announce an estimated $0.42 profit per share for the quarter. Additionally, the firm is expected to disclose a total revenue of $743.93 million for this period.
Wall street experts have shared their forecasts for the company's annual performance, indicating that they predict the company will achieve a total revenue of $2.96 billion. Additionally, they are expecting the earnings per share for the company to hit profit of $2.12 during the fiscal year.
The per-share income of $0.96 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $724.07 million recorded during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.97 | +3.2% | 734.16 M | +2.3% |
| Q1 2024 | $0.93 | +6.9% | 730.82 M | +3.6% |
| Q4 2023 | $1.00 | +6.4% | 727.50 M | +4.0% |
| Q3 2023 | $0.96 | +4.3% | 724.07 M | +4.2% |
| Q2 2023 | $0.94 | +5.6% | 717.31 M | +4.4% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 31st October 2024 at 11:30 AM eastern time to discuss Q3 financial results.
Monday's trading saw Equity Residential (EQR) shares hit a low of $74.81 and a high of $75.55, with a day volume of 1.24 million shares. The stock closed the regular trading session at $75.01, demonstrating 0.46 percent upturn.
