Hudson Pacific Properties Inc expected to post a loss of 46 cents a share - Earnings Preview

Hudson Pacific Properties

29/04/2024 22:01

* Hudson Pacific Properties Inc  HPP.N   HPP  is expected
to show
a fall in quarterly revenue when it reports  results on May 1
for the period ending March 31 2024
    * The Los Angeles California-based  company is expected to
report
a 14.9% decrease in revenue to $214.777 million from $252.26
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Hudson Pacific
Properties Inc
is for a loss of 46 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Hudson
Pacific
Properties Inc is $8.00​, above​ its last closing price
of $5.93. ​​​

The company's guidance on February 12 2024 for the period ended
March 31 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  
 Jan. 1 0001   0.15        0.15       0.14      Missed  -9.4
 Sep. 30 0001  0.21        0.20       0.18      Missed  -9.8
 Jun. 30 2023  0.25        0.24       0.24      Met     0.9​
 Mar. 31 2023  0.41        0.41       0.35      Missed  -13.7
 ​​Dec.        0.49        0.50       0.49      Missed  -1.4
 31 2022                                                
 Sep. 30 2022  0.50        0.50       0.52      Beat    3.4​
 Jun. 30 2022  0.50        0.51       0.51      Met     0.9
 Mar. 31 2022  0.50        0.50       0.50      Met     0
 This summary was machine generated April 29 at 21:01 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)