To build your earnings season watch list, focus on stocks in or near a potential buy zone ahead of their next report. American Homes 4 Rent currently fits that bill. It's expected to release its latest numbers around May 5.
The financial REIT stock is trading approximately 3% above a 41.31 buy point from a first-stage cup with handle.
Understand that buying a stock just ahead of earnings can be risky since you typically don't have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
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Sees Solid Earnings Growth
The financial REIT stock saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 20% to 21%. Revenue rose from 10% to 14%.
Analysts expect earnings-per-share growth of 17% for the quarter, and 16% growth for the full year. Earnings-per-share estimates for the full year were recently revised upward.
American Homes 4 Rent stock has a 95 Composite Rating and earns the No. 8 rank among its peers in the Finance-Property REITs industry group. Extra Space Storage, Host Hotels & Resorts and Apple Hospitality REIT are among the top 5 highly rated stocks within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
