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

Hudson Pacific Properties

07/08/2024 22:49

* Hudson Pacific Properties Inc  HPP.N  reported a quarterly
adjusted loss of 33 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -26 cents.  The mean expectation of
three analysts for the quarter was for a loss of 37 cents per
share. Wall Street expected results to range from -39 cents
to -34 cents per share.
    * Revenue fell 11.1% to $218.00 million from a year ago;
analysts
expected $216.71 million. 
    * Hudson Pacific Properties Inc's reported EPS for the
quarter was
a loss of 33 cents​.
    * The company reported a quarterly loss of $47.03 million.
    * Hudson Pacific Properties Inc shares had risen by 13.7%
this
quarter and lost 41.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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

Wall Street's median 12-month price target for Hudson Pacific
Properties Inc is $6.50 
This summary was machine generated from LSEG data August 7 at
09:48 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
 Jan. 1 0001       0.18           0.17           Missed
 Mar. 31 2024      0.17           0.17           Met
 Dec. 31 2023      0.15           0.14           Missed
 Sep. 30 2023      0.20           0.18           Missed