Boston Properties Inc. (NYSE:BXP) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Boston Properties Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5.36% to $1.06 in the quarter versus EPS of $1.12 in the year-earlier quarter.
Revenue: Rose 4.79% to $483.01 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Boston Properties Inc. reported adjusted EPS income of $1.06 per share. By that measure, the company missed the mean analyst estimate of $1.21. It beat the average revenue estimate of $470.03 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 2.3% from $494.38 million in the previous quarter. EPS decreased 16.54% from $1.27 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.29 and has not changed. For the current year, the average estimate is a profit of $5.17, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)