Earnings Outlook For Elme Communities Common Stock

Elme Communities Common Stock ELME is set to give its latest quarterly earnings report on Thursday, 2023-02-16. Here's what investors need to know before the announcement.

Analysts estimate that Elme Communities Common Stock will report an earnings per share (EPS) of $-0.04.

Elme Communities Common Stock bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Here's a look at Elme Communities Common Stock's past performance and the resulting price change:

Stock Performance

Shares of Elme Communities Common Stock were trading at $19.04 as of February 14. Over the last 52-week period, shares are down 22.19%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Elme Communities Common Stock visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.