Wall Street analysts expect Invitation Home (INVH) to post quarterly earnings of $0.48 per share in its upcoming report, which indicates a year-over-year increase of 2.1%. Revenues are expected to be $677.12 million, up 2.7% from the year-ago quarter.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Invitation Home metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenues- Management fee revenues' stands at $21.64 million. The estimate indicates a change of +2.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Rental revenues' should come in at $659.22 million. The estimate indicates a change of +14.3% from the prior-year quarter.
Analysts expect 'Depreciation and amortization' to come in at $189.32 million.
View all Key Company Metrics for Invitation Home here>>>
Over the past month, shares of Invitation Home have returned +1.7% versus the Zacks S&P 500 composite's -0.3% change. Currently, INVH 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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Invitation Home (INVH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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