Cousins Properties Earnings: Here’s Why Investors are Ambivalent Now

Cousins Properties Inc. (NYSE:CUZ) 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.

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Cousins Properties Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 15.38% to $0.11 in the quarter versus EPS of $0.13 in the year-earlier quarter.

Revenue: Decreased 12.34% to $41.26 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cousins Properties Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company missed the mean analyst estimate of $0.12. It beat the average revenue estimate of $37.98 million.

Quoting Management: “It was another solid quarter for Cousins, with a series of positive transactions, a strong operating performance and an uptick in leasing activity,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins. “The execution of our stock offering and another quality acquisition in Texas, subsequent to the quarter, represent additional steps forward as we continue to execute the strategy. It’s a very exciting time to be at Cousins.”

Key Stats (on next page)…

Revenue increased 15.77% from $35.64 million in the previous quarter. EPS decreased 21.43% from $0.14 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 $0.12 to a profit $0.14. For the current year, the average estimate has moved up from a profit of $0.49 to a profit of $0.52 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)