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Hudson Pacific (HPP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Hudson Pacific Properties (HPP - Free Report) reported $180.89 million in revenue for the quarter ended September 2026, representing a year-over-year decline of 3.1%. EPS of $0.28 for the same period compares to -$2.10 a year ago.
The reported revenue represents a surprise of -2.28% over the Zacks Consensus Estimate of $185.12 million. With the consensus EPS estimate being $0.25, the EPS surprise was +12%.
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 Hudson Pacific performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Rentable Square Feet - Total STUDIO: 1,683 compared to the 1,680 average estimate based on two analysts.
Rentable Square Feet - Total in-service office: 12,063 versus the two-analyst average estimate of 12,795.
Revenues- Office- Rental: $144.74 million versus $146.77 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change.
Revenues- Office- Service and other revenues: $3.87 million versus the two-analyst average estimate of $3.51 million. The reported number represents a year-over-year change of -38.5%.
Revenues- Studio- Total: $32.28 million compared to the $34.84 million average estimate based on two analysts. The reported number represents a change of +0.8% year over year.
Revenues- Studio- Service and other revenues: $19.79 million versus $20 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
Revenues- Office- Total: $148.61 million compared to the $150.27 million average estimate based on two analysts. The reported number represents a change of -3.9% year over year.
Revenues- Studio- Rental: $12.49 million compared to the $14.84 million average estimate based on two analysts. The reported number represents a change of -7.9% year over year.
Net Earnings Per Share (Diluted): $-3.38 versus $-0.75 estimated by two analysts on average.
Shares of Hudson Pacific have returned -9.2% over the past month versus the Zacks S&P 500 composite's -0.4% 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.
View the Zacks #1 Rank List
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Hudson Pacific (HPP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Hudson Pacific Properties (HPP - Free Report) reported $180.89 million in revenue for the quarter ended September 2026, representing a year-over-year decline of 3.1%. EPS of $0.28 for the same period compares to -$2.10 a year ago.
The reported revenue represents a surprise of -2.28% over the Zacks Consensus Estimate of $185.12 million. With the consensus EPS estimate being $0.25, the EPS surprise was +12%.
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 Hudson Pacific 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 Hudson Pacific here>>>
Shares of Hudson Pacific have returned -9.2% over the past month versus the Zacks S&P 500 composite's -0.4% 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.