Invitation Homes Inc reports results for the quarter ended June 30 - Earnings Summary

• Invitation Homes Inc INVH reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of eleven analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 16 cents to 23 cents per share.

• Revenue rose 4.3% to $681.40 million from a year ago; analysts expected $667.88 million.

• Invitation Homes Inc's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $140.67 million.

• Invitation Homes Inc shares had fallen by 2.4% this quarter and gained 0.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen 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 11 "strong buy" or "buy," 12 "hold" and 1 "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 Invitation Homes Inc is $38.00, about 17.4% above its last closing price of $31.38

This summary was machine generated from LSEG data July 30 at 11:42 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)