Elme Communities (ELME, Financial) is set to release its Q3 2024 earnings on Nov 4, 2024. The consensus estimate for Q3 2024 revenue is $60.31 million, and the earnings are expected to come in at -$0.03 per share. The full year 2024's revenue is expected to be $240.25 million and the earnings are expected to be -$0.14 per share. More detailed estimate data can be found on the Forecast page.
Elme Communities (ELME, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Elme Communities (ELME) for the full year 2024 have remained steady at $240.25 million. However, estimates for 2025 have declined from $250.75 million to $246.93 million. Earnings estimates for the full year 2024 have also seen a decrease, moving from -$0.06 per share to -$0.14 per share, and for 2025, they have declined from -$0.07 per share to -$0.11 per share.
Elme Communities (ELME, Financial) Reported History
In the previous quarter of 2024-06-30, Elme Communities's (ELME) actual revenue was $60.1 million, which missed analysts' revenue expectations of $60.367 million by -0.44%. Elme Communities's (ELME) actual earnings were -$0.04 per share, which missed analysts' earnings expectations of -$0.03 per share by -33.33%. After releasing the results, Elme Communities (ELME) was up by 1.44% in one day.
Elme Communities (ELME, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 2 analysts, the average target price for Elme Communities (ELME) is $17.50 with a high estimate of $18 and a low estimate of $17. The average target implies an upside of 3.73% from the current price of $16.87.
Based on GuruFocus estimates, the estimated GF Value for Elme Communities (ELME, Financial) in one year is $21.88, suggesting an upside of 29.7% from the current price of $16.87.
Based on the consensus recommendation from 5 brokerage firms, Elme Communities's (ELME, Financial) average brokerage recommendation is currently 2.8, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
