Analysts on Wall Street project that Equity Lifestyle Properties (ELS) will announce quarterly earnings of $0.78 per share in its forthcoming report, representing an increase of 2.6% year over year. Revenues are projected to reach $373.26 million, increasing 0.3% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Equity Lifestyle Properties metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Annual membership subscriptions' of $17.31 million. The estimate indicates a change of +4.3% from the prior-year quarter.
Analysts expect 'Revenues- Rental income' to come in at $313.68 million. The estimate points to a change of +4.1% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Other income' will reach $17.94 million. The estimate suggests a change of -34% year over year.
The consensus among analysts is that 'Revenues- Membership upgrade sales current period, gross' will reach $3.74 million. The estimate indicates a year-over-year change of -27.5%.
Analysts forecast 'Depreciation and amortization' to reach $52.65 million.
View all Key Company Metrics for Equity Lifestyle Properties here>>>
Over the past month, shares of Equity Lifestyle Properties have returned +3.2% versus the Zacks S&P 500 composite's +0.4% change. Currently, ELS carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Equity Lifestyle Properties, Inc. (ELS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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