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Earnings Outlook For Apartment Income REIT

Apartment Income REIT (NYSE:AIRC) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement. Analysts estimate that Apartment Income REIT will report an earnings per share (EPS) ...

Benzinga · 07/27/2022 17:26

Apartment Income REIT (NYSE:AIRC) is set to give its latest quarterly earnings report on Thursday, 2022-07-28. Here's what investors need to know before the announcement.

Analysts estimate that Apartment Income REIT will report an earnings per share (EPS) of $0.22.

Apartment Income REIT bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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).

Here's a look at Apartment Income REIT's past performance and the resulting price change:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate
EPS Actual 0.57 0.56 0.56 0.52
Price Change % 0.75% -2.26% 2.33% 1.29%

Stock Performance

Shares of Apartment Income REIT were trading at $43.02 as of July 26. Over the last 52-week period, shares are down 16.12%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

TO TRACK ALL EARNINGS RELEASES FOR APARTMENT INCOME REIT VISIT THEIR EARNINGS CALENDAR ON OUR SITE.

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