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

Douglas Emmett

31/10/2023 23:34

* Douglas Emmett Inc  DEI.N  reported a quarterly adjusted
loss
of 8 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 13 cents.  The mean expectation of five analysts for the
quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -11 cents to -6 cents per share.
    * Revenue rose 0.7% to $255.41 million from a year ago;
analysts
expected $250.23 million. 
    * Douglas Emmett Inc's reported EPS for the quarter was a
loss
of 8 cents​.
    * The company reported a quarterly loss of $13.36 million.
    * Douglas Emmett Inc shares had fallen by 11.8% this
quarter and
lost 28.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
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," 8
"hold" and 3 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Douglas
Emmett
Inc is $13.50 

This summary was machine generated from LSEG data October 31 at
11:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.44           0.45           Beat
 Jun. 30 2023      0.47           0.48           Beat
 Mar. 31 2023      0.48           0.47           Missed
 Dec. 31 2022      0.52           0.51           Missed