The upcoming report from Hudson Pacific Properties (HPP - Free Report) is expected to reveal quarterly earnings of $0.15 per share, indicating a decline of 69.4% compared to the year-ago period. Analysts forecast revenues of $225.59 million, representing a decrease of 16.4% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 7.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Hudson Pacific metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenues- Office - Rental' reaching $194.46 million. The estimate points to a change of -6.3% from the year-ago quarter.
The consensus estimate for 'Revenues- Office - Service revenues and other' stands at $4.05 million. The estimate points to a change of +2.1% from the year-ago quarter.
The average prediction of analysts places 'Revenues- Studio - Total' at $27.89 million. The estimate indicates a change of -52.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Studio - Service revenues and other' should come in at $14.87 million. The estimate indicates a year-over-year change of -63.6%.
Based on the collective assessment of analysts, 'Revenues- Office - Total' should arrive at $198.51 million. The estimate indicates a change of -6.2% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Studio - Rental' will reach $13.02 million. The estimate indicates a year-over-year change of -25.8%.
Analysts predict that the 'Depreciation and amortization' will reach $93.46 million. The estimate compares to the year-ago value of $96.52 million.
View all Key Company Metrics for Hudson Pacific here>>>
Over the past month, shares of Hudson Pacific have returned -17.8% versus the Zacks S&P 500 composite's +5.6% change. Currently, HPP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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The upcoming report from Hudson Pacific Properties (HPP - Free Report) is expected to reveal quarterly earnings of $0.15 per share, indicating a decline of 69.4% compared to the year-ago period. Analysts forecast revenues of $225.59 million, representing a decrease of 16.4% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 7.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Hudson Pacific metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenues- Office - Rental' reaching $194.46 million. The estimate points to a change of -6.3% from the year-ago quarter.
The consensus estimate for 'Revenues- Office - Service revenues and other' stands at $4.05 million. The estimate points to a change of +2.1% from the year-ago quarter.
The average prediction of analysts places 'Revenues- Studio - Total' at $27.89 million. The estimate indicates a change of -52.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Studio - Service revenues and other' should come in at $14.87 million. The estimate indicates a year-over-year change of -63.6%.
Based on the collective assessment of analysts, 'Revenues- Office - Total' should arrive at $198.51 million. The estimate indicates a change of -6.2% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Studio - Rental' will reach $13.02 million. The estimate indicates a year-over-year change of -25.8%.
Analysts predict that the 'Depreciation and amortization' will reach $93.46 million. The estimate compares to the year-ago value of $96.52 million.
View all Key Company Metrics for Hudson Pacific here>>>
Over the past month, shares of Hudson Pacific have returned -17.8% versus the Zacks S&P 500 composite's +5.6% change. Currently, HPP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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