American Homes 4 Rent Q3 2024 FFO $0.44 Beats $0.43 Estimate, Sales $445.055M Beat $436.292M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Homes 4 Rent (NYSE:AMH) reported Q3 2024 earnings per share of $0.44, surpassing the analyst estimate of $0.43. The company's sales reached $445.055 million, exceeding the expected $436.292 million and marking a 5.54% increase from the previous year.
October 29, 2024 | 8:11 pm
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American Homes 4 Rent reported better-than-expected Q3 2024 earnings and sales, with EPS of $0.44 beating the $0.43 estimate and sales of $445.055M surpassing the $436.292M estimate. This reflects a 5.54% increase in sales from the previous year.
The company's earnings and sales both exceeded analyst expectations, which is typically viewed positively by investors and can lead to a short-term increase in stock price. The year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100