American Homes 4 Rent(US:AMH) ZACKSยท2024-10-29 22:35Group 1 - American Homes 4 Rent (AMH) reported quarterly funds from operations (FFO) of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and up from $0.41 per share a year ago, representing an FFO surprise of 2.33% [1] - The company achieved revenues of $445.06 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.40%, compared to year-ago revenues of $421.7 million [2] - Over the last four quarters, American Homes 4 Rent has surpassed consensus FFO estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock's immediate price movement will depend on management's commentary on the earnings call and future FFO expectations [3] - American Homes 4 Rent shares have increased by approximately 6.3% since the beginning of the year, while the S&P 500 has gained 22.1% [3] - The current consensus FFO estimate for the coming quarter is $0.45 on revenues of $426.9 million, and for the current fiscal year, it is $1.76 on revenues of $1.71 billion [7] Group 3 - The estimate revisions trend for American Homes 4 Rent is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The REIT and Equity Trust - Residential industry is currently in the top 38% of Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by a factor of more than 2 to 1 [8]