What trends can be seen in ESS's earnings from 2024?
4/5/2025 06:21pm
Essex Property Trust Inc (ESS) has demonstrated robust financial performance and surpassed analyst expectations with strong earnings in Q1 2024. The company's earnings trends from 2024 can be summarized as follows:
1. **Q1 2024 Earnings Performance**:
- Essex reported earnings per share (EPS) of $1.29, which exceeded analyst estimates.
- The company's net income for the quarter was $87.47 million, also surpassing analyst projections.
2. **Q2 2024 Earnings Report**:
- In Q2 2024, Essex reported revenue of $442.36 million, reflecting a 6.3% increase year-over-year.
- The company's EPS for the quarter was $3.94, compared to $1.55 in the same quarter of the previous year.
- This reported revenue exceeded the Zacks Consensus Estimate by 2.10%.
3. **Q3 2024 Earnings Release**:
- For Q3 2024, Essex reported EPS of $1.84, surpassing estimates.
- The company's net income for the quarter is not directly reported, but its significant financial and operational highlights indicate a strong performance.
4. **Full-Year 2024 Guidance Revision**:
- In light of its strong Q1 performance, Essex revised its full-year 2024 guidance, indicating a positive outlook for the remainder of the year.
- The company's consistent performance across multiple quarters suggests a strong trend in earnings growth for 2024.
Overall, Essex Property Trust Inc (ESS) has shown strong earnings growth and exceeded analyst expectations in several quarters of 2024, with a clear upward trend in financial performance.