Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
American Homes (AMH)
NYSE:AMH
Holding AMH?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.16Last Year’s EPS
$0.21Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -2.72%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong revenue and NOI growth, effective cost management, and successful portfolio acquisition. However, there are concerns about the impact of hurricanes and a slight moderation in new lease rate growth due to external factors.Company Guidance
During the AMH Q3 2024 earnings call, the company provided several key metrics and guidance updates. AMH reported a 4.4% revenue growth over the previous year, with same-home operating expenses increasing by 2.6%. This contributed to a core NOI growth of 5.4% for the quarter. The company revised its full-year guidance, reducing its same-home core operating expense growth expectations to 5% and increasing its core FFO expectations to $1.77 per share, reflecting a 6.6% year-over-year growth. Occupancy and new lease rate growth for October were 95.2% and 2%, respectively. Additionally, AMH's development program is on track to deliver approximately 2,300 homes with economic yields in the high 5% range. The company also announced the acquisition of a 1,700-home single-family rental portfolio for $480 million, with expected stabilized NOI yields around 6%.Strong Revenue and NOI Growth
AMH reported 4.4% revenue growth over the prior year and achieved strong core NOI growth of 5.4% for the quarter.
Positive Guidance Revisions
The company revised its guidance upwards, with full-year core FFO growth expectations now at 6.6% year-over-year.
Successful Portfolio Acquisition
Acquired a portfolio of nearly 1,700 homes for approximately $480 million with expected stabilized NOI yields around 6%.
Effective Cost Management
Same-home operating expense growth was limited to 2.6% over the prior year, demonstrating effective cost control.
Stable Occupancy and Rent Growth
Occupancy at 95.2% and renewal rate growth of 5.4%, reflecting strong demand and stable tenancy.
---
AMH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AMH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $37.54 | $36.45 | -2.90% |
| Aug 01, 2024 | $36.35 | $37.25 | +2.48% |
| May 02, 2024 | $35.66 | $35.03 | -1.77% |
| Feb 22, 2024 | $33.80 | $34.28 | +1.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does American Homes (AMH) report earnings?
American Homes (AMH) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is American Homes (AMH) earnings time?
American Homes (AMH) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMH EPS forecast?
AMH EPS forecast for the fiscal quarter 2024 (Q4) is $0.16.
---