Douglas Emmett (DEI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended June 2024, Douglas Emmett (DEI) reported revenue of $245.78 million, down 3% over the same period last year. EPS came in at $0.46, compared to -$0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $246.45 million, representing a surprise of -0.27%. The company delivered an EPS surprise of +6.98%, with the consensus EPS estimate being $0.43.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 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: $199.24 million versus $200.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change. Revenues- Multifamily rental- Rental revenues: $42.65 million versus $41.89 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.7% change. Revenues- Total multifamily revenues: $46.54 million compared to the $45.51 million average estimate based on three analysts. The reported number represents a change of -3% year over year. Revenues- Office rental- Parking and other income: $28.17 million versus $28.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change. Revenues- Office rental- Rental revenues and tenant recoveries: $171.07 million versus the two-analyst average estimate of $169.98 million. The reported number represents a year-over-year change of -3.8%. Revenues- Multifamily rental- Parking and other income: $3.88 million versus $3.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change. Net Earnings Per Share (Diluted): $0.06 compared to the $0.03 average estimate based on six analysts. View all Key Company Metrics for Douglas Emmett here>>>Shares of Douglas Emmett have returned +11.3% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Douglas Emmett, Inc. (DEI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks