Kilroy Realty Corp reports results for the quarter ended in March - Earnings Summary

Kilroy Realty

02/05/2024 23:34

* Kilroy Realty Corp  KRC.N  reported quarterly adjusted
earnings
of 42 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 48 cents.  The mean expectation of four analysts for the
quarter was for earnings of 43 cents per share. Wall Street
expected results to range from 38 cents to 48 cents per share.
    * Revenue fell 4.9% to $278.58 million from a year ago;
analysts
expected $275.06 million. 
    * Kilroy Realty Corp's reported EPS for the quarter was 42
cents​.
    * The company reported quarterly net income of $49.92
million.
    * Kilroy Realty Corp shares had fallen by 8.8% this
quarter and
lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 5 "strong buy" or "buy," 11
"hold" and no "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 Kilroy Realty
Corp is $40.00 
This summary was machine generated from LSEG data May 2 at 10:33
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
 Mar. 31 2024      1.07           1.11           Beat
 Dec. 31 2023      1.05           1.08           Beat
 Sep. 30 2023      1.07           1.12           Beat
 Jun. 30 2023      1.11           1.19           Beat