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Prologis (PLD) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2023, Prologis (PLD - Free Report) reported revenue of $1.63 billion, up 51.7% over the same period last year. EPS came in at $1.22, compared to $1.54 in the year-ago quarter.
The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being $1.21, the EPS surprise was +0.83%.
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.
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 Prologis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rental: $1.63 billion compared to the $1.63 billion average estimate based on 12 analysts. The reported number represents a change of +51.7% year over year.
Revenues- Development management and other: $0.12 million compared to the $4.85 million average estimate based on seven analysts.
Revenues- Strategic capital: $134.70 million compared to the $126.89 million average estimate based on six analysts. The reported number represents a change of +0.6% year over year.
Net Earnings Per Share (Diluted): $0.50 versus $0.57 estimated by seven analysts on average.
Shares of Prologis have returned +3.7% over the past month versus the Zacks S&P 500 composite's +6.2% 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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Prologis (PLD) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2023, Prologis (PLD - Free Report) reported revenue of $1.63 billion, up 51.7% over the same period last year. EPS came in at $1.22, compared to $1.54 in the year-ago quarter.
The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being $1.21, the EPS surprise was +0.83%.
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.
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 Prologis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Rental: $1.63 billion compared to the $1.63 billion average estimate based on 12 analysts. The reported number represents a change of +51.7% year over year.
- Revenues- Development management and other: $0.12 million compared to the $4.85 million average estimate based on seven analysts.
- Revenues- Strategic capital: $134.70 million compared to the $126.89 million average estimate based on six analysts. The reported number represents a change of +0.6% year over year.
- Net Earnings Per Share (Diluted): $0.50 versus $0.57 estimated by seven analysts on average.
View all Key Company Metrics for Prologis here>>>Shares of Prologis have returned +3.7% over the past month versus the Zacks S&P 500 composite's +6.2% 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.