How reliable are ESS's quarterly earnings forecasts?

Essex Property Trust (ESS) has demonstrated a reliable track record of earnings performance, with recent forecasts and actual earnings figures indicating strong consistency.

1. **Consistency in Earnings Performance**: ESS has consistently exceeded earnings expectations, as evidenced by the company's actual EPS of $3.92 reported in Q4 2024, surpassing the estimated $3.90.
2. **Accuracy of Forecasts**: Analysts have accurately predicted ESS's earnings trajectory, with forecasts for Q4 2024 ranging from $3.88 to $3.92 per share. This tight range suggests that analysts have a good grasp of the company's earnings potential.
3. **Growth Rate Predictions**: The growth rate in net income for ESS has been impressive, with a year-over-year increase of 328.85% reported in Q4 2024. This substantial growth underscores the company's strong financial performance and aligns with analysts' predictions of a 328.85% growth rate.

|code|Ticker|Name|Date|Net Income YoY|market_code|
|---|---|---|---|---|---|
|ESS|ESS.N|Essex Property Trust|2024 Q1|76.45457133309405|169|
|ESS|ESS.N|Essex Property Trust|2024 Q2|-6.401528045690079|169|
|ESS|ESS.N|Essex Property Trust|2024 Q3|34.91920136760959|169|
|ESS|ESS.N|Essex Property Trust|2024 Q4|328.85186711964633|169|

4. **Recent Performance**: ESS's recent earnings release on February 4, 2025, was well-received, with the company beating estimated earnings by 1.0%. This track record of exceeding expectations further validates the reliability of the company's earnings forecasts.

In conclusion, ESS's quarterly earnings forecasts can be considered reliable, given the company's consistent performance, accurate analyst predictions, and substantial growth rate.