Stag (STAG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Stag Industrial (STAG) reported revenue of $179.28 million, up 7.8% over the same period last year. EPS came in at $0.59, compared to $0.35 in the year-ago quarter.
The reported revenue represents a surprise of +3.29% over the Zacks Consensus Estimate of $173.58 million. With the consensus EPS estimate being $0.57, the EPS surprise was +3.51%.
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 Stag performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Rental income: $177.86 million versus $173.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
Revenue- Rental income: $177.86 million versus the two-analyst average estimate of $173.43 million. The reported number represents a year-over-year change of +8%.
Net income per share- Diluted: $0.28 compared to the $0.19 average estimate based on two analysts.
Net income per share- Diluted: $0.28 versus $0.19 estimated by two analysts on average.
View all Key Company Metrics for Stag here>>>
Shares of Stag have returned -6.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Stag Industrial, Inc. (STAG) : Free Stock Analysis Report
