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

Douglas Emmett

08/05/2024 24:14

* Douglas Emmett Inc  DEI.N  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of six analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -27 cents tozero cents per share.
    * Revenue fell 2.9% to $244.97 million from a year ago;
analysts
expected $251.52 million. 
    * Douglas Emmett Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $8.91
million.
    * Douglas Emmett Inc shares had risen by 0.2% this
quarter and
lost 4.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 $14.00 
This summary was machine generated from LSEG data May 7 at 11:14
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
 Mar. 31 2024      0.44           0.45           Beat
 Dec. 31 2023      0.44           0.46           Beat
 Sep. 30 2023      0.44           0.45           Beat
 Jun. 30 2023      0.47           0.48           Beat