Camden Property Trust Earnings: Everything You Must Know Now
Camden Property Trust (NYSE:CPT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Camden Property Trust Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.66% to $0.96 in the quarter versus EPS of $0.83 in the year-earlier quarter.
Revenue: Decreased 14.41% to $196.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Camden Property Trust reported adjusted EPS income of $0.96 per share. By that measure, the company beat the mean analyst estimate of $0.95. It beat the average revenue estimate of $195.45 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 5.48% from $207.57 million in the previous quarter. EPS decreased 1.03% from $0.97 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.97 to a profit $0.98. For the current year, the average estimate has moved up from a profit of $3.95 to a profit of $3.97 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)