Douglas Emmett (DEI) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Douglas Emmett (DEI) reported revenue of $255.41 million, up 0.7% over the same period last year. EPS came in at $0.45, compared to $0.13 in the year-ago quarter.
The reported revenue represents a surprise of +1.69% over the Zacks Consensus Estimate of $251.17 million. With the consensus EPS estimate being $0.44, the EPS surprise was +2.27%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Douglas Emmett performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Total office revenues: $208.82 million versus $203.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.
Revenues- Total multifamily revenues: $46.59 million compared to the $47.18 million average estimate based on three analysts. The reported number represents a change of +1.9% year over year.
Revenues- Office rental- Parking and other income: $27.72 million compared to the $27.56 million average estimate based on two analysts. The reported number represents a change of +7% year over year.
Revenues- Multifamily rental- Rental revenues: $42.86 million compared to the $42.82 million average estimate based on two analysts. The reported number represents a change of +4.4% year over year.
Revenues- Office rental- Rental revenues and tenant recoveries: $181.11 million versus $177.18 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
Revenues- Multifamily rental- Parking and other income: $3.72 million compared to the $4.14 million average estimate based on two analysts. The reported number represents a change of -20.5% year over year.
Net Earnings Per Share (Diluted): -$0.08 versus the six-analyst average estimate of -$0.08.
View all Key Company Metrics for Douglas Emmett here>>>
Shares of Douglas Emmett have returned -8.8% over the past month versus the Zacks S&P 500 composite's -2.8% 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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Douglas Emmett, Inc. (DEI) : Free Stock Analysis Report
