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

Hudson Pacific Properties

01/11/2023 23:06

* Hudson Pacific Properties Inc  HPP.N  reported a quarterly
adjusted loss of 27 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of -12 cents.  The mean expectation of
three analysts for the quarter was for a loss of 31 cents per
share. Wall Street expected results to range from -43 cents
to -17 cents per share.
    * Revenue fell 11.1% to $231.44 million from a year ago;
analysts
expected $235.84 million. 
    * Hudson Pacific Properties Inc's reported EPS for the
quarter was
a loss of 27 cents​.
    * The company reported a quarterly loss of $37.6 million.
    * Hudson Pacific Properties Inc shares had fallen by 32.9%
this
quarter and lost 54.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.6%
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 4 "strong buy" or "buy," 8
"hold" and 1 "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 November 1 at
11:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.50           0.49           Missed