EastGroup Properties (EGP Quick QuoteEGP - Free Report) reported $159.09 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.7%. EPS of $2.05 for the same period compares to $0.97 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $156.96 million, representing a surprise of +1.36%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.05.

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 EastGroup Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenues- Income from real estate operations: $157.33 million compared to the $156.89 million average estimate based on seven analysts. The reported number represents a change of +13.3% year over year.
• Revenues- Other revenue: $1.76 million versus $0.17 million estimated by three analysts on average.
• Net Earnings Per Share (Diluted): $1.14 compared to the $1.09 average estimate based on six analysts.

View all Key Company Metrics for EastGroup Properties here>>>

Shares of EastGroup Properties have returned +13.9% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.