AMH Earnings Prediction
The chart below shows how AMH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMH sees a +0.16% change in stock price 10 days leading up to the earnings, and a +0.46% change 10 days following the report. On the earnings day itself, the stock moves by +0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
AMH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
445.06M
5.54%
5.09%
Gross Margin
27.27%
5.49%
-6.90%
Operating Margin
22.94%
6.70%
-5.09%
Net Margin
19.69%
-5.74%
-23.18%
EPS
0.20
11.11%
-20.00%
No Data Available
AMH Earnings Analysis
AMERICAN HOMES 4 RENT Corporation (AMH.N) Earnings Conference Call
Positive
Revenue Growth Achievement: The team delivered right on top of expectations with 4.4% revenue growth over the prior year.
Core NOI Growth: Total Same-Home operating expense growth of 2.6% over the prior year contributed to strong core NOI growth of 5.4% for the quarter.
Renewal Rate Growth: For the month of October, preliminary estimates screen well, with renewal rate growth increases of 5.4%, continuing to anchor our rent growth activity.
Occupancy and Lease Rate Growth: Occupancy and new lease rate growth are 95.2% and 2%, respectively.
Development Program Progress: We are pleased to report that despite significant weather disruptions in the Southeast, our development program remains on track to deliver approximately 2,300 high-quality attached single-family homes with economic yields averaging in the high 5s for the year.
Negative
Operating Expense Increase: Total Same-Home operating expense growth of 2.6% over the prior year indicates rising costs.
Hurricane Impact on Finances: The company faced a $3.9 million estimated total loss from Hurricanes Beryl, Debbie, and Helene, impacting financial results.
Increased Leverage Indicator: The net debt including preferred shares adjusted EBITDA was down to 5.0x, indicating increased leverage.
Hurricane Milton Financial Impact: The company reported a total estimated loss from Hurricane Milton of $3 million to $4 million, further straining financials.
Occupancy Rate Challenges: The guidance for 2024 reflects a challenging environment with expectations of continued pressure on occupancy rates.
AMH FAQs
How does AMH typically perform around its earnings report dates?
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AMH Earning Call Sentiment
American Homes 4 Rent (AMH) Q3 2024 Earnings Call Transcript
AMH.N
0%Positive
The earnings call summary indicates strong financial performance with revenue and NOI growth, effective cost management, and an increased Core FFO expectation. The share repurchase program is a positive sign for shareholder returns. The Q&A section shows demand remains strong, with positive lease rate growth expectations and stable occupancy. Despite some management avoidance on specifics, the overall sentiment is positive, supported by strategic acquisitions and reduced expense growth expectations. The absence of significant negative factors and the optimistic outlook suggest a positive stock price movement over the next two weeks.
