Hudson Pacific Properties Inc reports results for the quarter ended in December - Earnings Summary

Hudson Pacific Properties

12/02/2024 23:33

* Hudson Pacific Properties Inc  HPP.N  reported a quarterly
adjusted loss of 3 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -9 cents.  The mean expectation of
three analysts for the quarter was for a loss of 39 cents per
share. Wall Street expected results to range from -41 cents
to -37 cents per share.
    * Revenue fell 17.2% to $223.42 million from a year ago;
analysts
expected $223.93 million. 
    * Hudson Pacific Properties Inc's reported EPS for the
quarter was
a loss of 70 cents​.
    * The company reported a quarterly loss of $97.99 million.
    * Hudson Pacific Properties Inc shares had fallen by 17.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Hudson Pacific
Properties Inc is $10.00 
This summary was machine generated from LSEG data February 12 at
11:33 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      0.15           0.14           Missed
 Sep. 30 2023      0.20           0.18           Missed
 Jun. 30 2023      0.24           0.24           Met
 Mar. 31 2023      0.41           0.35           Missed