What To Expect From Apartment Investment & Management Co (AIV) Q3 2024 Earnings

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Nov 06, 2024
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Apartment Investment & Management Co (AIV, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $52.60 million, and the earnings are expected to come in at -$0.11 per share. The full year 2024's revenue is expected to be $207.4 million and the earnings are expected to be -$0.73 per share. More detailed estimate data can be found on the Forecast page.

Apartment Investment & Management Co (AIV, Financial) Estimates Trends

Revenue estimates for Apartment Investment & Management Co (AIV) have remained flat at $207.4 million for the full year 2024 and have declined from $222 million to $221 million for 2025 over the past 90 days. Earnings estimates for Apartment Investment & Management Co (AIV) have declined from -$0.40 per share to -$0.73 per share for the full year 2024 and from -$0.42 per share to -$0.45 per share for 2025 over the past 90 days.

Apartment Investment & Management Co (AIV, Financial) Reported History

In the previous quarter of 2024-06-30, Apartment Investment & Management Co's (AIV) actual revenue was $51.15 million, which missed analysts' revenue expectations of $51.2 million by -0.1%. Apartment Investment & Management Co's (AIV) actual earnings were -$0.43 per share, which missed analysts' earnings expectations of -$0.10 per share by -330%. After releasing the results, Apartment Investment & Management Co (AIV) was down by -1.49% in one day.

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Apartment Investment & Management Co (AIV, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 1 analyst, the average target price for Apartment Investment & Management Co (AIV) is $11.50 with a high estimate of $11.50 and a low estimate of $11.50. The average target implies an upside of 34.19% from the current price of $8.57.

Based on GuruFocus estimates, the estimated GF Value for Apartment Investment & Management Co (AIV, Financial) in one year is $9.72, suggesting an upside of 13.42% from the current price of $8.57.

Based on the consensus recommendation from 2 brokerage firms, Apartment Investment & Management Co's (AIV, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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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.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.