Equity Residential Q4 2023 Adj GAAP EPS $1.00, Inline, Sales $727.50M Beat $725.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Residential (NYSE:EQR) reported Q4 2023 earnings per share of $1.00, meeting analyst consensus estimates. Quarterly sales were $727.50 million, slightly surpassing the $725.02 million estimate and marking a 3.97% increase from the same period last year.

January 30, 2024 | 9:17 pm
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Equity Residential reported in-line Q4 2023 EPS and a slight beat on revenue estimates, with a year-over-year sales increase of 3.97%.
Meeting EPS estimates typically reassures investors about a company's financial health, while exceeding revenue forecasts can indicate stronger-than-expected demand for the company's properties. The year-over-year sales growth further supports a positive outlook. However, since the EPS was only in-line and the revenue beat was marginal, the positive impact on the stock price may be moderate in the short term.
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IMPORTANCE 75
RELEVANCE 100