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American Homes 4 Rent (AMH) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2023, American Homes 4 Rent (AMH - Free Report) reported revenue of $395.55 million, up 9.3% over the same period last year. EPS came in at $0.41, compared to $0.16 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $385.59 million, representing a surprise of +2.58%. The company delivered an EPS surprise of +2.50%, with the consensus EPS estimate being $0.40.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American Homes 4 Rent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Tenant charge-backs: $45.81 million compared to the $45.07 million average estimate based on three analysts.
Revenues- Core revenues: $349.73 million versus the three-analyst average estimate of $347.30 million.
Net Earnings Per Share (Diluted): $0.27 versus the six-analyst average estimate of $0.10.
Shares of American Homes 4 Rent have returned +5.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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American Homes 4 Rent (AMH) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2023, American Homes 4 Rent (AMH - Free Report) reported revenue of $395.55 million, up 9.3% over the same period last year. EPS came in at $0.41, compared to $0.16 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $385.59 million, representing a surprise of +2.58%. The company delivered an EPS surprise of +2.50%, with the consensus EPS estimate being $0.40.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American Homes 4 Rent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Tenant charge-backs: $45.81 million compared to the $45.07 million average estimate based on three analysts.
- Revenues- Core revenues: $349.73 million versus the three-analyst average estimate of $347.30 million.
- Net Earnings Per Share (Diluted): $0.27 versus the six-analyst average estimate of $0.10.
View all Key Company Metrics for American Homes 4 Rent here>>>Shares of American Homes 4 Rent have returned +5.2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.