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Office Properties Income Trust (OPI) Reports Q1 Earnings: What Key Metrics Have to Say
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Office Properties Income Trust (OPI - Free Report) reported $139.44 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.3%. EPS of $0.79 for the same period compares to -$0.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $128.28 million, representing a surprise of +8.70%. The company delivered an EPS surprise of -2.47%, with the consensus EPS estimate being $0.81.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Office Properties Income Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Rental income: $139.44 million versus $128.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
Rental income: $139.44 million compared to the $128.28 million average estimate based on two analysts. The reported number represents a change of +5.3% year over year.
Earnings per common share(Diluted): -$0.11 compared to the -$0.28 average estimate based on two analysts.
Earnings per common share(Diluted): -$0.11 versus the two-analyst average estimate of -$0.28.
Shares of Office Properties Income Trust have returned +55.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Office Properties Income Trust (OPI) Reports Q1 Earnings: What Key Metrics Have to Say
Office Properties Income Trust (OPI - Free Report) reported $139.44 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.3%. EPS of $0.79 for the same period compares to -$0.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $128.28 million, representing a surprise of +8.70%. The company delivered an EPS surprise of -2.47%, with the consensus EPS estimate being $0.81.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Office Properties Income Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Rental income: $139.44 million versus $128.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Rental income: $139.44 million compared to the $128.28 million average estimate based on two analysts. The reported number represents a change of +5.3% year over year.
- Earnings per common share(Diluted): -$0.11 compared to the -$0.28 average estimate based on two analysts.
- Earnings per common share(Diluted): -$0.11 versus the two-analyst average estimate of -$0.28.
View all Key Company Metrics for Office Properties Income Trust here>>>Shares of Office Properties Income Trust have returned +55.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.