Essex Property Trust, Inc. (ESS) earnings on April 28, 2026
More Essex Property Trust, Inc. earnings
Prior outlook: Pessimistic Outcome: Accurate
The stock was volatile after the earnings report, climbing as much as 0.74% and falling as much as 3.23%. By the end of the day, the shares closed 1.18% lower.
ESS price around the earnings
264.87
Change: -1.2%
2026-04-29, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Neutral outlook with mixed contexts ahead of earnings.
Analysts maintain a neutral stance, and while the company has a good history of beating expectations, a recent earnings miss has lowered the outlook. Sentiment is mixed, with cautious analyst views contrasting with some retail optimism.
Context analyzed before publication
- Summary
- Neutral outlook with mixed contexts ahead of earnings.
- Playbook
- With a neutral analyst consensus and mixed contexts, the scenario suggests waiting for clearer direction or a more favorable reference area. Significant commitments are not advisable until the outlook becomes more defined.
- Trend
- Outlook slightly negative over the past two sessions.
Analysts
Drivers
-
Analysts
Neutral
The general analyst opinion is to 'hold' the stock, with price targets suggesting only modest potential for growth. Recent actions, like maintaining a rating but lowering a price target, reinforce a cautious approach before the upcoming earnings report.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.77
- Analysts covering the stock
- 23
- Average price target
- 278.39
- Lowest price target
- 239
- Highest price target
- 308
- Upside to price target
- 9.3%
- Quarterly earnings growth
- -68.7%
- Revenue growth
- 3.2%
- Forward EPS
- 6.11
- Trailing EPS
- 10.39
- Analyst moves in the last 60 days
- 5
- Strong buy: 3
- Buy: 3
- Hold: 18
- Sell: 1
- Strong sell: 1
- Strong buy
- 3
- Buy
- 3
- Hold
- 18
- Sell
- 1
- Strong sell
- 1
- April 6, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
- March 6, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
- March 4, 2026 · Scotiabank: Maintains rating (Sector Outperform → Sector Outperform)
- March 2, 2026 · Baird: Maintains rating (Neutral → Neutral)
- February 27, 2026 · Raymond James: Downgrades rating (Outperform → Market Perform)
News and sentiment
Drivers
-
News & sentiment
Negative
While some retail investors are very optimistic, this sentiment is not widely shared and may not be strongly supported. This contrasts with the cautious view from analysts and a recent earnings shortfall, indicating a potential risk if expectations are not met.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (1)
- Evercore ISI Group Maintains In-Line on Essex Property Trust, Lowers Price Target to $264 — Benzinga
Technicals
Drivers
-
Technical
Positive
The stock has shown some positive price movement recently and is currently market review in the middle of its recent price range. This technical picture suggests a balanced situation with potential for movement in either direction.
Evidence
- Average true range (ATR)
- 1.8%
- Distance to 52-week high
- -13.4%
- 14-day change (14d)
- +4.9%
- 30-day change
- +0.3%
- 30-day relative strength
- -3.8%
- Benchmark change
- +4.1%
- Nearest support
- 238.48
- Nearest resistance
- 258.81
- Volume accumulation ratio
- 0.8
Trends
Evidence
- Average earnings surprise
- +12.4%
- February 4, 2026: actual EPS 1.25 vs estimate 1.47 (surprise -14.9%)
- October 29, 2025: actual EPS 2.56 vs estimate 1.63 (surprise +57.0%)
- July 29, 2025: actual EPS 1.48 vs estimate 1.41 (surprise +5.1%)
- April 29, 2025: actual EPS 1.44 vs estimate 1.41 (surprise +2.6%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 1.4%
- 75th percentile move
- 2.5%
- 90th percentile move
- 3.4%
- Up / down moves
- 8 / 11
- Average up move
- +2.1%
- Average down move
- -1.9%
Monitoring and close
What Essex Property Trust, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -1.2%
- Max favorable move (MFE)
- 3.2%
- Max adverse move (MAE)
- 0.7%