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Compared to Estimates, Alexandria Real Estate Equities (ARE) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Alexandria Real Estate Equities (ARE - Free Report) reported revenue of $791.61 million, up 10.9% over the same period last year. EPS came in at $2.37, compared to $0.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $775.93 million, representing a surprise of +2.02%. The company delivered an EPS surprise of -0.42%, with the consensus EPS estimate being $2.38.
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 Alexandria Real Estate Equities performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Other income: $15.86 million versus the three-analyst average estimate of $11.32 million. The reported number represents a year-over-year change of +153.5%.
Revenues- Rental: $775.74 million versus the three-analyst average estimate of $769.02 million. The reported number represents a year-over-year change of +9.6%.
Net Earnings Per Share (Diluted): $0.96 compared to the $0.90 average estimate based on four analysts.
Shares of Alexandria Real Estate Equities have returned +0.5% over the past month versus the Zacks S&P 500 composite's +4.5% 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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Compared to Estimates, Alexandria Real Estate Equities (ARE) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Alexandria Real Estate Equities (ARE - Free Report) reported revenue of $791.61 million, up 10.9% over the same period last year. EPS came in at $2.37, compared to $0.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $775.93 million, representing a surprise of +2.02%. The company delivered an EPS surprise of -0.42%, with the consensus EPS estimate being $2.38.
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 Alexandria Real Estate Equities performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Other income: $15.86 million versus the three-analyst average estimate of $11.32 million. The reported number represents a year-over-year change of +153.5%.
- Revenues- Rental: $775.74 million versus the three-analyst average estimate of $769.02 million. The reported number represents a year-over-year change of +9.6%.
- Net Earnings Per Share (Diluted): $0.96 compared to the $0.90 average estimate based on four analysts.
View all Key Company Metrics for Alexandria Real Estate Equities here>>>Shares of Alexandria Real Estate Equities have returned +0.5% over the past month versus the Zacks S&P 500 composite's +4.5% 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.