Equity Lifestyle Properties, Inc. (NYSE:ELS) is reporting third quarter financial results on Monday 19th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, ELS is expected to report 3Q20 income of $ 0.28 per share from revenue of $ 143.43 million.
For the full year, analysts anticipate top line of $ 569.12 million, while looking forward to income of $ 1.21 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.19 ~ $ 2.25 per share
Click Here For More Historical Outlooks Of Equity Lifestyle Properties, Inc.
Previous Quarter Performance
Equity Lifestyle Properties, Inc. reported income for the second quarter of $ 0.47 per share, from the revenue of $ 142.60 million. The quarterly earnings extended 80.77 percent while revenues escalated 4.70 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.24 per share from $ 141.72 million in revenue. The bottom line results beat street analysts by $ 0.23 or 95.83 percent, at the same time, top line results outshined analysts by $ 0.88 million or 0.62 percent.
Stock Performance
On Friday, shares of Equity Lifestyle Properties, Inc. has traded high as $ 64.99 and has cracked $ 63.62 on the downward trend, reaching $ 63.88 with volume of 740.50 thousand shares.
According to the previous trading day, closing price of $ 63.88, representing a 53.97 % increase from the 52 week low of $ 41.97 and a 16.67 % decrease over the 52 week high of $ 77.55.
The company has a market capital of $ 11.64 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 1st October 2020, initiated by Berenberg Bank at Buy rating, with $ 73.00 target price.
We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of July 22, 2019, we own or have an interest in 413 quality properties in 33 states and British Columbia consisting of 155,973 sites.
