For the quarter ended June 2023, UDR (UDR - Free Report) reported revenue of $403.1 million, up 9.6% over the same period last year. EPS came in at $0.61, compared to $0.01 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $407.45 million, representing a surprise of -1.07%. The company delivered an EPS surprise of -1.61%, with the consensus EPS estimate being $0.62.
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 UDR performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Rental income: $403.10 million compared to the $407.44 million average estimate based on six analysts. The reported number represents a change of +9.6% year over year.
- Revenue- Joint venture management and other fees: $1.45 million compared to the $1.25 million average estimate based on four analysts. The reported number represents a change of +2.2% year over year.
- Net Earnings Per Share (Diluted): $1.05 versus the six-analyst average estimate of $0.11.
View all Key Company Metrics for UDR here>>>Shares of UDR have returned +0.1% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended June 2023, UDR (UDR - Free Report) reported revenue of $403.1 million, up 9.6% over the same period last year. EPS came in at $0.61, compared to $0.01 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $407.45 million, representing a surprise of -1.07%. The company delivered an EPS surprise of -1.61%, with the consensus EPS estimate being $0.62.
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 UDR performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Rental income: $403.10 million compared to the $407.44 million average estimate based on six analysts. The reported number represents a change of +9.6% year over year.
- Revenue- Joint venture management and other fees: $1.45 million compared to the $1.25 million average estimate based on four analysts. The reported number represents a change of +2.2% year over year.
- Net Earnings Per Share (Diluted): $1.05 versus the six-analyst average estimate of $0.11.
View all Key Company Metrics for UDR here>>>Shares of UDR have returned +0.1% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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