Compared to Estimates, Physicians Realty Trust (DOC) Q2 Earnings: A Look at Key Metrics
Physicians Realty Trust (DOC) reported $135.1 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 2.2%. EPS of $0.25 for the same period compares to $0.07 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $135.75 million, representing a surprise of -0.48%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.25.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Physicians Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rental revenues: $93.62 million versus $94.22 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
Revenues- Expense recoveries: $37.56 million versus $37.48 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
Revenues- Interest income on real estate loans and other: $3.92 million versus the four-analyst average estimate of $3.48 million. The reported number represents a year-over-year change of -11.7%.
Net Earnings Per Share (Diluted): $0.05 versus $0.05 estimated by five analysts on average.
View all Key Company Metrics for Physicians Realty Trust here>>>
Shares of Physicians Realty Trust have returned +2.3% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Physicians Realty Trust (DOC) : Free Stock Analysis Report
