Invitation Home (INVH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Invitation Home performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Homes Owned and/or Managed - Wholly owned homes: 85,509 compared to the 85,977 average estimate based on three analysts.
• Same Store Average Occupancy: 97.1% versus 96.5% estimated by three analysts on average.
• Same Store Total / Average - Number of Homes: 77,326 compared to the 80,818 average estimate based on three analysts.
• Revenues- Management fee revenues: $19.74 million versus the four-analyst average estimate of $19.82 million. The reported number represents a year-over-year change of -11.5%.
• Revenues- Rental revenues: $602.99 million compared to the $669.3 million average estimate based on four analysts. The reported number represents a change of +1.8% year over year.
• Net Earnings Per Share (Diluted): $0.37 versus $0.19 estimated by four analysts on average.

View all Key Company Metrics for Invitation Home here>>>

Shares of Invitation Home have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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