UDR Earnings: Here’s Why the Stock is Up Now

UDR, Inc. (NYSE:UDR) 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. Shares are up 0.45%.

UDR, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.12% to $0.37 in the quarter versus EPS of $0.33 in the year-earlier quarter.

Revenue: Rose 4.14% to $188.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: UDR, Inc. reported adjusted EPS income of $0.37 per share. By that measure, the company beat the mean analyst estimate of $0.34. It beat the average revenue estimate of $188.54 million.

Key Stats (on next page)…

Revenue increased 2.27% from $184.42 million in the previous quarter. EPS increased 5.71% from $0.35 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 $0.35 and has not changed. For the current year, the average estimate has moved up from a profit of $1.39 to a profit of $1.40 over the last ninety days.

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