Alexandria Real Estate Equities (ARE Quick QuoteARE - Free Report) reported $713.79 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 8.2%. EPS of $2.26 for the same period compares to $2.11 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $720.9 million, representing a surprise of -0.99%. The company delivered an EPS surprise of +0.89%, with the consensus EPS estimate being $2.24.

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 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- Rental: $707.53 million versus $711.85 million estimated by three analysts on average.
• Revenues- Other income: $6.26 million versus $9.02 million estimated by two analysts on average.
• Net Earnings Per Share (Diluted): $0.13 compared to the $0.83 average estimate based on three analysts.

View all Key Company Metrics for Alexandria Real Estate Equities here>>>

Shares of Alexandria Real Estate Equities have returned -6.1% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.