Essex Property Trust, Inc. (ESS) earnings on July 29, 2026
More Essex Property Trust, Inc. earnings
Prior outlook: Pessimistic Outcome: Accurate
Essex Property Trust stock dropped sharply, falling about 5% after the market closed. This marked a significant reversal from earlier gains the stock had made this year.
ESS price around the earnings
281.86
Change: -5.0%
2026-07-30, 20:00 UTC
Start of the measured window
End of the measured window
280.50
286.09
291.67
297.26
296.80
July 29, 2026
July 29, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Trajectory collapsed from +28.3 to -47.6; Hold consensus with 1.1% upside and negative trend strength limit asymmetric potential into earnings.
Context analyzed before publication
- Trend
- Sharp collapse from +28.3 (07/24) to -47.6 (07/29); clear negative trend strength shift into event.
Analysts
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.58
- Analysts covering the stock
- 24
- Average price target
- 299.27
- Lowest price target
- 239
- Highest price target
- 352
- Upside to price target
- 1.1%
- Quarterly earnings growth
- -47.7%
- Revenue growth
- 6.4%
- Forward EPS
- 6.15
- Trailing EPS
- 8.89
- Analyst moves in the last 60 days
- 10
- Strong buy: 4
- Buy: 5
- Hold: 15
- Sell: 1
- Strong sell: 1
- Strong buy
- 4
- Buy
- 5
- Hold
- 15
- Sell
- 1
- Strong sell
- 1
- July 22, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
- July 21, 2026 · Piper Sandler: Maintains rating (Overweight → Overweight)
- July 14, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
- July 9, 2026 · Scotiabank: Maintains rating (Sector Outperform → Sector Outperform)
- June 29, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
- June 26, 2026 · Raymond James: Upgrades rating (Market Perform → Outperform)
- June 25, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- June 18, 2026 · Scotiabank: Maintains rating (Sector Outperform → Sector Outperform)
- June 10, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- June 1, 2026 · Evercore ISI Group: Upgrades rating (In-Line → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Wells Fargo Maintains Equal-Weight on Essex Property Trust, Raises Price Target to $297 (opens in a new tab) — Benzinga
- Piper Sandler Maintains Overweight on Essex Property Trust, Raises Price Target to $352 (opens in a new tab) — Benzinga
- Barclays Maintains Equal-Weight on Essex Property Trust, Raises Price Target to $296 (opens in a new tab) — Benzinga
- Scotiabank Maintains Sector Outperform on Essex Property Trust, Raises Price Target to $307 (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 294.44
- Average true range (ATR)
- 1.4%
- Distance to 52-week high
- -0.8%
- 14-day change (14d)
- -1.2%
- 30-day change (32d)
- -0.3%
- 30-day relative strength
- -1.9%
- SPY change (32d)
- +1.6%
- Nearest support
- 294.42
- Distance to nearest support
- 0%
- Nearest resistance
- 295.32
- Distance to nearest resistance
- 0.3%
- Volume accumulation ratio (14d / 46d)
- 1.09
- Mid: 294.42 (0% away, 0.01 ATR, 12 touches)
- Major: 292.98 (0.5% away, 0.35 ATR, 43 touches)
- Major: 290.89 (1.2% away, 0.87 ATR, 40 touches)
- Minor: 295.32 (0.3% away, 0.22 ATR, 9 touches)
- Mid: 296.35 (0.7% away, 0.47 ATR, 27 touches)
- Mid: 297.5 (1% away, 0.75 ATR, 14 touches)
Trends
Evidence
- Average earnings surprise
- +0.3%
- April 28, 2026: actual EPS 1.65 vs estimate 1.43 (surprise +15.6%)
- February 4, 2026: actual EPS 1.25 vs estimate 1.47 (surprise -14.9%)
- October 29, 2025: actual EPS 1.59 vs estimate 1.67 (surprise -4.7%)
- July 29, 2025: actual EPS 1.48 vs estimate 1.41 (surprise +5.1%)
Expected move
- Implied move
- +1.2%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 1.3%
- 75th percentile move
- 2.4%
- 90th percentile move
- 3.3%
- Up / down moves
- 8 / 12
- Average up move
- +2.1%
- Average down move
- -1.8%
Monitoring and close
What Essex Property Trust, Inc. reported
- Status
- Finished
| Actual EPS | 0.94 |
|---|---|
| EPS estimate | 1.47 |
| EPS surprise | -36.0% |
Essex Property Trust beats Q2 FFO estimates. Evercore ISI maintains optimistic rating and raises price target to $303.
Sources (10)
- ESS Q2 FFO Beats Estimates on Higher Property NOI, '26 View Raised (opens in a new tab) — Zacks
- Evercore ISI Group Maintains Outperform on Essex Property Trust, Raises Price Target to $303 (opens in a new tab) — Benzinga
- Compared to Estimates, Essex Property Trust (ESS) Q2 Earnings: A Look at Key Metrics (opens in a new tab) — Zacks
- Essex Property Trust (ESS) Tops Q2 FFO and Revenue Estimates (opens in a new tab) — Zacks
- Essex Property Trust (NYSE:ESS) Beats Core FFO Estimates and Raises Full-Year Guidance (opens in a new tab) — ChartMill
- Essex Property Trust Q2 FFO $4.08 Beats $4.04 Estimate, Sales $489.049M Beat $486.337M Estimate (opens in a new tab) — Benzinga
- Essex Property Trust Sees Q3 FFO $3.93-$4.05 vs $3.98 Est (opens in a new tab) — Benzinga
- Essex Property Trust Raises FY2026 FFO Guidance from $15.69-$16.19 to $16.03-$16.25 vs $16.11 Est (opens in a new tab) — Benzinga
- Essex Announces Second Quarter 2026 Results and Raises Full-Year 2026 Guidance (opens in a new tab) — Yahoo
- Earnings per share: $0.94 vs $1.47 expected — below expectations. — Yahoo Finance
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -5.0%
- Max favorable move (MFE)
- 5.5%
- Max adverse move (MAE)
- 0%