Equity LifeStyle Properties Earnings: Everything You Must Know Now
Equity LifeStyle Properties, Inc. (NYSE:ELS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Equity LifeStyle Properties, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.55% to $0.57 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 0.84% to $176.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Equity LifeStyle Properties, Inc. reported adjusted EPS income of $0.57 per share. By that measure, the company missed the mean analyst estimate of $0.58. It beat the average revenue estimate of $174.4 million.
Key Stats (on next page)…
Revenue decreased 7.97% from $192.12 million in the previous quarter. EPS decreased 20.83% from $0.72 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.63 to a profit $0.57. For the current year, the average estimate has moved down from a profit of $2.54 to a profit of $2.47 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)