Douglas Emmett Earnings: Everything You Must Know Now
Douglas Emmett Inc (NYSE:DEI) 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.
Douglas Emmett Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 8.33% to $0.39 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 2.19% to $148.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Douglas Emmett Inc reported adjusted EPS income of $0.39 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $146.72 million.
Key Stats (on next page)…
Revenue increased 1.24% from $146.88 million in the previous quarter. EPS increased 5.41% from $0.37 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 $0.36 to a profit $0.37. For the current year, the average estimate has moved up from a profit of $1.42 to a profit of $1.47 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)