For the quarter ended June 2024, DigitalBridge reported revenue of $390.34 million, down 8.1% over the same period last year. EPS came in at $0.11, compared to $0.06 in the year-ago quarter.
The reported revenue represents a surprise of +302.20% over the Zacks Consensus Estimate of $97.05 million. With the consensus EPS estimate being $0.12, the EPS surprise was -8.33%.
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 DigitalBridge performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Fee revenue
: $78.61 million versus $81.52 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change. Revenues- Other income
: $7.51 million versus the two-analyst average estimate of $5.28 million. Revenues- Principal investment income (loss)
: $15.98 million versus the two-analyst average estimate of $13.40 million.
View all Key Company Metrics for DigitalBridge here>>>Shares of DigitalBridge have returned -6.9% over the past month versus the Zacks S&P 500 composite's -5.9% 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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Here's What Key Metrics Tell Us About DigitalBridge (DBRG) Q2 Earnings
For the quarter ended June 2024, DigitalBridge reported revenue of $390.34 million, down 8.1% over the same period last year. EPS came in at $0.11, compared to $0.06 in the year-ago quarter.
The reported revenue represents a surprise of +302.20% over the Zacks Consensus Estimate of $97.05 million. With the consensus EPS estimate being $0.12, the EPS surprise was -8.33%.
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 DigitalBridge performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for DigitalBridge here>>>Revenues- Fee revenue
: $78.61 million versus $81.52 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.Revenues- Other income
: $7.51 million versus the two-analyst average estimate of $5.28 million.Revenues- Principal investment income (loss)
: $15.98 million versus the two-analyst average estimate of $13.40 million.Shares of DigitalBridge have returned -6.9% over the past month versus the Zacks S&P 500 composite's -5.9% 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.