Equity LifeStyle Properties Inc reports results for the quarter ended September 30 - Earnings Summary

• Equity LifeStyle Properties Inc ELS.N reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of nine analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 48 cents to 52 cents per share.

• Revenue rose 4.7% to $409.90 million from a year ago; analysts expected $405.46 million.

• Equity LifeStyle Properties Inc's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $86.43 million.

• Equity LifeStyle Properties Inc shares had risen by 4.6% this quarter and gained 0.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% 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 10 "strong buy" or "buy," 8 "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 Equity LifeStyle Properties Inc is $67.00, about 7.5% above its last closing price of $61.97

This summary was machine generated from LSEG data October 20 at 09:02 p.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)