American Homes 4 Rent reports results for the quarter ended September 30 - Earnings Summary

• American Homes 4 Rent AMH.N reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of eleven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 11 cents to 32 cents per share.

• Revenue rose 4.1% to $498.07 million from a year ago; analysts expected $473.58 million.

• American Homes 4 Rent's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $82.32 million.

• American Homes 4 Rent shares had risen by 3.7% this quarter and lost 1.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the residential reits peer group is also "buy"

• Wall Street's median 12-month price target for American Homes 4 Rent is $37.00, about 11.8% above its last closing price of $32.63

This summary was machine generated from LSEG data November 5 at 12:20 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)