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Reuters
Invitation Homes Inc reports results for the quarter ended in March – Earnings Summary
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Invitation Homes Inc INVH.N reported quarterly adjusted earnings of 23 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of eleven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 15 cents to 23 cents per share.
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Revenue rose 9.5% to $646.04 million from a year ago; analysts expected $631.57 million.
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Invitation Homes Inc’s reported EPS for the quarter was 23 cents.
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The company reported quarterly net income of $142.16 million.
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Invitation Homes Inc shares had fallen by 2.9% this quarter and gained 1.4% so far this year.
FORECAST CHANGES
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The mean earnings estimate of analysts was unchanged in the last three months.
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In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
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The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 13 “strong buy” or “buy,” 10 “hold” and no “sell” or “strong sell.”
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The average consensus recommendation for the residential reits peer group is also “buy”
Wall Street’s median 12-month price target for Invitation Homes Inc is $38.00
This summary was machine generated from LSEG data April 30 at 11:24 p.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)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Mar. 31 2024 |
0.46 |
0.47 |
Beat |
Dec. 31 2023 |
0.45 |
0.45 |
Met |
Sep. 30 2023 |
0.45 |
0.44 |
Missed |
Jun. 30 2023 |
0.45 |
0.44 |
Missed |
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