Douglas Emmett Inc reports results for the quarter ended in December - Earnings Summary

Douglas Emmett

06/02/2024 23:35

* Douglas Emmett Inc  DEI.N  reported a quarterly adjusted
loss
of 24 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 14 cents.  The mean expectation of six analysts for the
quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -12 cents to -7 cents per share.
    * Revenue rose 2% to $259.28 million from a year ago;
analysts
expected $252.77 million. 
    * Douglas Emmett Inc's reported EPS for the quarter was a
loss
of 24 cents​.
    * The company reported a quarterly loss of $40.46 million.
    * Douglas Emmett Inc shares had fallen by 11.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and 2 "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 Douglas Emmett
Inc is $14.50 
This summary was machine generated from LSEG data February 6 at
11:34 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      0.44           0.46           Beat
 Sep. 30 2023      0.44           0.45           Beat
 Jun. 30 2023      0.47           0.48           Beat
 Mar. 31 2023      0.48           0.47           Missed