Compared to Estimates, Mid-America Apartment Communities (MAA) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Mid-America Apartment Communities (MAA) reported revenue of $542.04 million, up 4.1% over the same period last year. EPS came in at $2.29, compared to $1.05 in the year-ago quarter.
The reported revenue represents a surprise of +0.31% over the Zacks Consensus Estimate of $540.35 million. With the consensus EPS estimate being $2.28, the EPS surprise was +0.44%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mid-America Apartment Communities performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Physical occupancy - Same store: 95.7% versus 95.6% estimated by two analysts on average.
Net Earnings Per Share (Diluted): $0.94 compared to the $1.17 average estimate based on seven analysts.
Net Operating Income- Same Store: $324.75 million compared to the $327.75 million average estimate based on two analysts.
View all Key Company Metrics for Mid-America Apartment Communities here>>>
Shares of Mid-America Apartment Communities have returned -0.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Mid-America Apartment Communities, Inc. (MAA) : Free Stock Analysis Report
