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Compared to Estimates, Easterly Government Properties (DEA) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2024, Easterly Government Properties (DEA - Free Report) reported revenue of $72.8 million, up 2.2% over the same period last year. EPS came in at $0.29, compared to $0.04 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $74.6 million, representing a surprise of -2.41%. The company delivered an EPS surprise of +3.57%, with the consensus EPS estimate being $0.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Easterly Government Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Tenant reimbursements: $1.02 million compared to the $2.14 million average estimate based on two analysts. The reported number represents a change of -51% year over year.
Revenues- Rental income: $70.75 million versus $71.82 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
Diluted Earnings per share: $0.05 versus the three-analyst average estimate of $0.05.
Shares of Easterly Government Properties have returned +3.1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Easterly Government Properties (DEA) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Easterly Government Properties (DEA - Free Report) reported revenue of $72.8 million, up 2.2% over the same period last year. EPS came in at $0.29, compared to $0.04 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $74.6 million, representing a surprise of -2.41%. The company delivered an EPS surprise of +3.57%, with the consensus EPS estimate being $0.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Easterly Government Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Tenant reimbursements: $1.02 million compared to the $2.14 million average estimate based on two analysts. The reported number represents a change of -51% year over year.
- Revenues- Rental income: $70.75 million versus $71.82 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
- Diluted Earnings per share: $0.05 versus the three-analyst average estimate of $0.05.
View all Key Company Metrics for Easterly Government Properties here>>>Shares of Easterly Government Properties have returned +3.1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.