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Here's What Key Metrics Tell Us About Highwoods Properties (HIW) Q3 Earnings
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For the quarter ended September 2023, Highwoods Properties (HIW - Free Report) reported revenue of $207.1 million, up 0.1% over the same period last year. EPS came in at $0.93, compared to $0.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $207 million, representing a surprise of +0.05%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.93.
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 Highwoods Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Occupancy: 88.6% compared to the 88.9% average estimate based on two analysts.
Rental and other revenues- Lease termination fees, net: $0.36 million compared to the $0.33 million average estimate based on two analysts. The reported number represents a change of -69.2% year over year.
Rental and other revenues- Contractual rents, net: $174.87 million compared to the $174.84 million average estimate based on two analysts. The reported number represents a change of +1.5% year over year.
Rental and other revenues- Other miscellaneous operating revenues: $10.28 million compared to the $9.69 million average estimate based on two analysts. The reported number represents a change of +7% year over year.
Rental and other revenues- Cost recoveries billed under lease arrangements, net: $16.98 million versus $16.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
Rental and other revenues- Straight-line rental income, net: $4.61 million versus the two-analyst average estimate of $5.33 million. The reported number represents a year-over-year change of -41.9%.
Net Earnings Per Share (Diluted): $0.21 compared to the $0.20 average estimate based on four analysts.
Shares of Highwoods Properties have returned -11.9% over the past month versus the Zacks S&P 500 composite's -2.3% 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 Highwoods Properties (HIW) Q3 Earnings
For the quarter ended September 2023, Highwoods Properties (HIW - Free Report) reported revenue of $207.1 million, up 0.1% over the same period last year. EPS came in at $0.93, compared to $0.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $207 million, representing a surprise of +0.05%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.93.
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 Highwoods Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Occupancy: 88.6% compared to the 88.9% average estimate based on two analysts.
- Rental and other revenues- Lease termination fees, net: $0.36 million compared to the $0.33 million average estimate based on two analysts. The reported number represents a change of -69.2% year over year.
- Rental and other revenues- Contractual rents, net: $174.87 million compared to the $174.84 million average estimate based on two analysts. The reported number represents a change of +1.5% year over year.
- Rental and other revenues- Other miscellaneous operating revenues: $10.28 million compared to the $9.69 million average estimate based on two analysts. The reported number represents a change of +7% year over year.
- Rental and other revenues- Cost recoveries billed under lease arrangements, net: $16.98 million versus $16.43 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.7% change.
- Rental and other revenues- Straight-line rental income, net: $4.61 million versus the two-analyst average estimate of $5.33 million. The reported number represents a year-over-year change of -41.9%.
- Net Earnings Per Share (Diluted): $0.21 compared to the $0.20 average estimate based on four analysts.
View all Key Company Metrics for Highwoods Properties here>>>Shares of Highwoods Properties have returned -11.9% over the past month versus the Zacks S&P 500 composite's -2.3% 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.