Recap: Essex Property Trust Q4 Earnings

Essex Property Trust ESS reported its Q4 earnings results on Tuesday, February 6, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Essex Property Trust beat estimated earnings by 0.52%, reporting an EPS of $3.83 versus an estimate of $3.81.

Revenue was down $2.44 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 0.94% drop in the share price the next day.

Here's a look at Essex Property Trust's past performance:

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).

Guidance

Essex Property Trust management provided guidance for FY 2024, expecting earnings between $14.76 and $15.3 per share.

To track all earnings releases for Essex Property Trust visit their earnings calendar here.

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