Boston Properties Inc reports results for the quarter ended in December - Earnings Summary

BXP

30/01/2024 22:54

* Boston Properties Inc  BXP.N  reported quarterly adjusted
earnings of 76 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 78 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 62 cents per
share. Wall Street expected results to range from 48 cents to 78
cents per share.
    * Revenue rose 5% to $828.93 million from a year ago;
analysts
expected $810.96 million. 
    * Boston Properties Inc's reported EPS for the quarter was
76
cents​.
    * The company reported quarterly net income of $119.93
million.
    * Boston Properties Inc shares had risen by 2.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 14
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Boston Properties
Inc is $74.00 
This summary was machine generated from LSEG data January 30 at
10:54 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.80           1.82           Beat
 Sep. 30 2023      1.84           1.86           Beat
 Jun. 30 2023      1.80           1.86           Beat
 Mar. 31 2023      1.68           1.73           Beat