DigitalBridge Group Inc expected to post earnings of 12 cents a share - Earnings Preview

Digitalbridge

06/08/2024 03:06

* DigitalBridge Group Inc  DBRG.N   DBRG.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Boca Raton Florida-based  company is expected to
report a
78.9% decrease in revenue to $89.854 million from $424.93
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for DigitalBridge Group Inc
is for
earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
DigitalBridge
Group Inc is $19.50​, above​ its last closing price of $12.34.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.12        0.12       0.01      Missed  -91.9
 Dec. 31 2024  0.11        0.12       0.10      Missed  -15.3
 Sep. 30 2023  0.11        0.14       0.20      Beat    47.1​
 Jun. 30 2023  0.10        0.08       0.06      Missed  -25
 ​​Mar.        0.12        0.14       -0.02     Missed  -114
 31 2023                                                
 Jan. 1 0001   0.14        0.14       -0.07     Missed  -151.2
                                                        ​
 Sep. 30 2022  0.09        0.11       0.22      Beat    105.3
 Jan. 1 0001   0.06        0.06       0.04      Missed  -36.3
 This summary was machine generated August 6 at 02:06 GMT.  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)