NYSE - Delayed Quote • USD
Essex Property Trust, Inc. (ESS)
At close: April 18 at 4:00 PM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 10 | 10 | 11 | 11 |
| Avg. Estimate | 1.29 | 1.34 | 5.25 | 5.64 |
| Low Estimate | 0.92 | 0.91 | 3.59 | 4.17 |
| High Estimate | 1.51 | 1.58 | 5.99 | 6.3 |
| Year Ago EPS | 2.38 | 1.55 | 6.32 | 5.25 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 17 | 17 | 21 | 21 |
| Avg. Estimate | 421.41M | 425.54M | 1.7B | 1.75B |
| Low Estimate | 410.48M | 416.92M | 1.67B | 1.71B |
| High Estimate | 441.11M | 443.73M | 1.78B | 1.83B |
| Year Ago Sales | 409.66M | 413.26M | 1.67B | 1.7B |
| Sales Growth (year/est) | 2.90% | 3.00% | 2.00% | 2.70% |
Earnings History
| CURRENCY IN USD | 3/31/2023 | 6/30/2023 | 9/30/2023 | 12/31/2023 |
|---|---|---|---|---|
| EPS Est. | 1.29 | 1.38 | 1.42 | 1.46 |
| EPS Actual | 2.38 | 1.55 | 1.36 | 1.02 |
| Difference | 1.09 | 0.17 | -0.06 | -0.44 |
| Surprise % | 84.50% | 12.30% | -4.20% | -30.10% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 1.29 | 1.34 | 5.25 | 5.64 |
| 7 Days Ago | 1.29 | 1.35 | 5.27 | 5.65 |
| 30 Days Ago | 1.31 | 1.36 | 5.32 | 5.74 |
| 60 Days Ago | 1.23 | 1.27 | 5.4 | 5.59 |
| 90 Days Ago | 1.41 | 1.48 | 5.91 | 6.21 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | 1 | -- | -- | -- |
| Up Last 30 Days | 1 | -- | -- | -- |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | -- | 1 | 1 | 1 |
Growth Estimates
| CURRENCY IN USD | ESS | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | -45.80% | -- | -- | 0.80% |
| Next Qtr. | -13.50% | -- | -- | 9.60% |
| Current Year | -16.90% | -- | -- | 4.50% |
| Next Year | 7.40% | -- | -- | 13.30% |
| Next 5 Years (per annum) | -0.39% | -- | -- | 11.09% |
| Past 5 Years (per annum) | -2.04% | -- | -- | -- |
Research Analysis
Analyst Price Targets
Fair Value
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Upgrades & Downgrades
| Maintains | Truist Securities: Hold to Hold | 4/9/2024 |
| Upgrade | B of A Securities: Neutral to Buy | 4/1/2024 |
| Maintains | Truist Securities: Hold to Hold | 3/28/2024 |
| Maintains | Piper Sandler: Overweight to Overweight | 3/26/2024 |
| Upgrade | Raymond James: Market Perform to Outperform | 3/18/2024 |
| Maintains | Baird: Neutral to Neutral | 3/12/2024 |
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