Equity Residential EQR releases its next round of earnings this Wednesday, July 27, 2011. Here's Benzinga's advanced look at Equity Residential's second quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of 60 cents per share and revenues of $524 million. Equity Residential's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a positive EPS of 58 cents per share on revenues of $510.9 million. We'll have to wait for Wednesday to see if Equity Residential reports a rise in EPS and revenue from the year-ago quarter, as analysts are expecting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $0.56 | $0.58 | $0.54 | $0.55 |
EPS Actual | $0.56 | $0.62 | $0.55 | $0.58 |
Stock Performance:
Shares of Equity Residential were trading at $63.07 as of July 21, 2011. Since January 1st, shares of Equity Residential have given investors a return of 22.9%. For a full 12 months, the return has risen by 30.2%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Equity Residential is a Hold. Over the past three months this rating's strength has declined slightly.
Competitors:
Want to check out the performance of Equity Residential closest competitors? Take a look at some of the company's peers in the financials sector.
- Apartment Investment and Management AIV: Hold with a $0.39 recent quarter EPS
- AvalonBay Communities AVB: Hold with a $1.08 recent quarter EPS
- BRE Properties BRE: Hold with a $0.53 recent quarter EPS
- Colonial Properties CLP: Hold with a $0.27 recent quarter EPS
The REIT-equity trust/residential company's industry has seen price/earnings growth of 2.7% during the current fiscal year.
Finally, a description of the company's main areas of operation: Equity Residential is a real estate investment trust company that acquires and manages apartment properties in top growth markets in the United States.
Take Action:
There is your peek into Equity Residential's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.
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