Equity Residential (EQR) Q1 Earnings: What's in the Cards?

Equity Residential EQRis slated to report first-quarter 2018 results after the market closes on Apr 24. The company is expected to experience growth in both revenues and funds from operations (FFO) per share in the quarter.

Last quarter, this Chicago, IL-based residential real estate investment trust (REIT) delivered a better-than-expected performance in terms of FFO per share.

Results mirrored enhanced same-store and lease-up net operating income (NOI). However, the company incurred higher corporate overhead in the quarter.

Over the trailing four quarters, the company surpassed the Zacks Consensus Estimate in two occasions and met in the other two, delivering an average positive surprise of around 0.9%. The graph below depicts this surprise history: