Essex Property Trust's (ESS) Q1 2025 forecast is likely to meet expectations, based on the following points:
- Strong Revenue Growth: ESS has shown a full-year same-property revenue growth of 3.3% and a core FFO growth of 3.8%1. This indicates a solid financial performance, which is a positive sign for the upcoming quarter.
- Beat Previous Earnings: ESS surpassed the consensus EPS estimate by $2.52, reporting an EPS of $3.92 versus an estimate of $1.4023. This significant beat suggests that the company's performance may exceed expectations in Q1 2025 as well.
- Positive Market Sentiment: The market has reacted positively to ESS's earnings reports, which could be an indicator of expectations being met or exceeded. For instance, the company's stock price did not drop after the earnings release, which might suggest that investors are already anticipating strong results2.
In conclusion, while there are no explicit forecasts available for Q1 2025, the company's historical performance, recent earnings beat, and positive market sentiment suggest that ESS's Q1 2025 forecast is likely to meet expectations.