Equity LifeStyle Properties Earnings: Here’s Why Investors Like These Results

Equity LifeStyle Properties, Inc. (NYSE:ELS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Equity LifeStyle Properties, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.3% to $1.41 in the quarter versus EPS of $1.29 in the year-earlier quarter.

Revenue: Rose 4.69% to $190.59 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Equity LifeStyle Properties, Inc. reported adjusted EPS income of $1.41 per share. By that measure, the company beat the mean analyst estimate of $1.39. It beat the average revenue estimate of $177.42 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 7.74% from $176.9 million in the previous quarter. EPS increased 27.03% from $1.11 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.17 and has not changed. For the current year, the average estimate has moved up from a profit of $4.99 to a profit of $5.07 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)