DigitalBridge Group Inc reports results for the quarter ended in January 1 - Earnings Summary

Digitalbridge

01/11/2024 14:26

* DigitalBridge Group Inc  DBRG.N  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended January 1,
lower than the same quarter last year, when the company reported
EPS of $1.39.  The mean expectation of nine analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 12 cents to 19 cents per share.
    * Revenue fell 84% to $76.13 million from a year ago;
analysts
expected $98.42 million. 
    * DigitalBridge Group Inc's reported EPS for the quarter was
a
loss of 1 cent​.
    * The company reported a quarterly loss of $883 thousand.
    * DigitalBridge Group Inc shares had risen by 11.0% this
quarter and lost 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
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 "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
rental,
development & operations peer group is also "buy"

Wall Street's median 12-month price target for DigitalBridge
Group Inc is $19.00 
This summary was machine generated from LSEG data November 1 at
02:26 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
 Sep. 30 2024      0.15           0.06           Missed
 Jun. 30 2024      0.12           0.11           Missed
 Mar. 31 2024      -0.07          -0.28          Missed
 Dec. 31 2023      -0.15          0.61           Beat