Digital Realty Trust (DLR - Free Report) reported $1.4 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 17.7%. EPS of $1.62 for the same period compares to $0.87 a year ago.
The reported revenue represents a surprise of +0.69% over the Zacks Consensus Estimate of $1.39 billion. With the consensus EPS estimate being $1.62, the company has not delivered EPS surprise.
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.
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 Digital Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Rental revenues: $886.96 million versus the five-analyst average estimate of $894.45 million. The reported number represents a year-over-year change of +12.6%.
- Revenues- Tenant reimbursements- Utilities: $335.48 million compared to the $348.52 million average estimate based on five analysts. The reported number represents a change of +33.4% year over year.
- Revenues- Tenant reimbursements- Other: $64.88 million compared to the $46.21 million average estimate based on five analysts. The reported number represents a change of +31.3% year over year.
- Revenues- Interconnection and other: $107.31 million versus $106.55 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.4% change.
- Revenues- Fee Income: $7.82 million compared to the $8.99 million average estimate based on five analysts. The reported number represents a change of +26.8% year over year.
- Tenant reimbursements: $400.35 million versus the four-analyst average estimate of $404.25 million. The reported number represents a year-over-year change of +33.1%.
View all Key Company Metrics for Digital Realty Trust here>>>Shares of Digital Realty Trust have returned +0.1% over the past month versus the Zacks S&P 500 composite's -3.4% 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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Digital Realty Trust (DLR - Free Report) reported $1.4 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 17.7%. EPS of $1.62 for the same period compares to $0.87 a year ago.
The reported revenue represents a surprise of +0.69% over the Zacks Consensus Estimate of $1.39 billion. With the consensus EPS estimate being $1.62, the company has not delivered EPS surprise.
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.
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 Digital Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Rental revenues: $886.96 million versus the five-analyst average estimate of $894.45 million. The reported number represents a year-over-year change of +12.6%.
- Revenues- Tenant reimbursements- Utilities: $335.48 million compared to the $348.52 million average estimate based on five analysts. The reported number represents a change of +33.4% year over year.
- Revenues- Tenant reimbursements- Other: $64.88 million compared to the $46.21 million average estimate based on five analysts. The reported number represents a change of +31.3% year over year.
- Revenues- Interconnection and other: $107.31 million versus $106.55 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.4% change.
- Revenues- Fee Income: $7.82 million compared to the $8.99 million average estimate based on five analysts. The reported number represents a change of +26.8% year over year.
- Tenant reimbursements: $400.35 million versus the four-analyst average estimate of $404.25 million. The reported number represents a year-over-year change of +33.1%.
View all Key Company Metrics for Digital Realty Trust here>>>Shares of Digital Realty Trust have returned +0.1% over the past month versus the Zacks S&P 500 composite's -3.4% 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.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Get the latest research report on DLR - FREE