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Compared to Estimates, UDR (UDR) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, UDR (UDR - Free Report) reported revenue of $410.13 million, up 4.8% over the same period last year. EPS came in at $0.63, compared to $0.10 in the year-ago quarter.
The reported revenue represents a surprise of -0.43% over the Zacks Consensus Estimate of $411.88 million. With the consensus EPS estimate being $0.63, the company has not delivered EPS surprise.
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 UDR performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Physical Occupancy: 96.7% versus 96.7% estimated by three analysts on average.
Revenue- Rental income: $408.36 million versus $411.91 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
Revenue- Joint venture management and other fees: $1.77 million versus the six-analyst average estimate of $1.68 million. The reported number represents a year-over-year change of +39.1%.
Net Earnings Per Share (Diluted): $0.10 versus $0.12 estimated by eight analysts on average.
Shares of UDR have returned -4% over the past month versus the Zacks S&P 500 composite's -3.4% 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.
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Compared to Estimates, UDR (UDR) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, UDR (UDR - Free Report) reported revenue of $410.13 million, up 4.8% over the same period last year. EPS came in at $0.63, compared to $0.10 in the year-ago quarter.
The reported revenue represents a surprise of -0.43% over the Zacks Consensus Estimate of $411.88 million. With the consensus EPS estimate being $0.63, the company has not delivered EPS surprise.
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 UDR performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Physical Occupancy: 96.7% versus 96.7% estimated by three analysts on average.
- Revenue- Rental income: $408.36 million versus $411.91 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
- Revenue- Joint venture management and other fees: $1.77 million versus the six-analyst average estimate of $1.68 million. The reported number represents a year-over-year change of +39.1%.
- Net Earnings Per Share (Diluted): $0.10 versus $0.12 estimated by eight analysts on average.
View all Key Company Metrics for UDR here>>>Shares of UDR have returned -4% over the past month versus the Zacks S&P 500 composite's -3.4% 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.