Recap: Essex Property Trust Q4 Earnings - Essex Property Trust (NYSE:ESS)

Essex Property Trust ESS reported its Q4 earnings results on Tuesday, February 6, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Essex Property Trust beat estimated earnings by 0.52%, reporting an EPS of $3.83 versus an estimate of $3.81.

Revenue was down $2.44 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 0.94% drop in the share price the next day.

Here's a look at Essex Property Trust's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	3.77
EPS Actual	3.78	3.77	3.65	3.77
Revenue Estimate	419.54M	413.66M	411.29M	412.82M
Revenue Actual	419.18M	416.04M	412.42M	415.18M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Essex Property Trust management provided guidance for FY 2024, expecting earnings between $14.76 and $15.3 per share.

To track all earnings releases for Essex Property Trust visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.