logo
Plus   Neg
Share
Email

Equity Residential Q1 adjusted earnings Beat Estimates

Equity Residential (EQR) announced earnings for its first quarter that rose from the same period last year.

The company's profit came in at $211.04 million, or $0.57 per share. This compares with $142.97 million, or $0.39 per share, in last year's first quarter.

Excluding items, Equity Residential reported adjusted earnings of $293.61 million or $0.77 per share for the period.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $633.02 million from $604.10 million last year.

Equity Residential earnings at a glance:

-Earnings (Q1): $293.61 Mln. vs. $283.72 Mln. last year.
-EPS (Q1): $0.77 vs. $0.74 last year.
-Analysts Estimate: $0.28
-Revenue (Q1): $633.02 Mln vs. $604.10 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.77 to $0.81
Full year EPS guidance: $3.17 to $3.27

For comments and feedback contact: editorial@rttnews.com

Follow RTT