Hudson Pacific Properties Inc expected to post a loss of 37 cents a share - Earnings Preview

Hudson Pacific Properties

06/08/2024 03:07

* Hudson Pacific Properties Inc  HPP.N   HPP  is expected
to show
a fall in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Los Angeles California-based  company is expected to
report
a 11.6% decrease in revenue to $216.705 million from $245.17
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Property Revenue)
    * ​LSEG's mean analyst estimate for Hudson Pacific
Properties Inc
is for a loss of 37 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and 2 "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 Hudson
Pacific
Properties Inc is $6.50​, above​ its last closing price
of $5.30. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Funds Flow from Operations between USD0.15 and
USD0.19.
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  0.17        0.17       0.17      Met     1.6
 Jan. 1 2024   0.15        0.15       0.14      Missed  -9.4
 Jan. 1 0001   0.21        0.20       0.18      Missed  -9.8​
 Jun. 30 2023  0.25        0.24       0.24      Met     0.9
 ​​Mar.        0.41        0.41       0.35      Missed  -13.7
 31 2023                                                
 Dec. 31 2022  0.49        0.50       0.49      Missed  -1.4​
 Jan. 1 0001   0.50        0.50       0.52      Beat    3.4
 Jan. 1 0001   0.50        0.51       0.51      Met     0.9
 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)