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Compared to Estimates, Boston Properties (BXP) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, Boston Properties (BXP - Free Report) reported revenue of $790.56 million, up 3.8% over the same period last year. EPS came in at $1.77, compared to $0.66 in the year-ago quarter.
The reported revenue represents a surprise of +1.18% over the Zacks Consensus Estimate of $781.32 million. With the consensus EPS estimate being $1.72, the EPS surprise was +2.91%.
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 Boston Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Occupancy Ratio (Occupancy of In-Service Properties)
: 87.1% versus the three-analyst average estimate of 87.5%.
Revenue- Development and management services
: $6.35 million compared to the $6.46 million average estimate based on five analysts. The reported number represents a change of -35.6% year over year.
Revenue- Hotel revenue
: $14.81 million versus $13.11 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
Revenue- Lease
: $790.56 million versus the four-analyst average estimate of $742.22 million. The reported number represents a year-over-year change of +3.8%.
Revenue- Parking and other (including insurance proceeds)
: $34.62 million compared to the $30.43 million average estimate based on four analysts. The reported number represents a change of +28.3% year over year.
Net Earnings Per Share (Diluted)
: $0.51 versus $0.48 estimated by six analysts on average.
Shares of Boston Properties have returned +17.6% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Boston Properties (BXP) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, Boston Properties (BXP - Free Report) reported revenue of $790.56 million, up 3.8% over the same period last year. EPS came in at $1.77, compared to $0.66 in the year-ago quarter.
The reported revenue represents a surprise of +1.18% over the Zacks Consensus Estimate of $781.32 million. With the consensus EPS estimate being $1.72, the EPS surprise was +2.91%.
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 Boston Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Boston Properties here>>>Occupancy Ratio (Occupancy of In-Service Properties)
: 87.1% versus the three-analyst average estimate of 87.5%.Revenue- Development and management services
: $6.35 million compared to the $6.46 million average estimate based on five analysts. The reported number represents a change of -35.6% year over year.Revenue- Hotel revenue
: $14.81 million versus $13.11 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6% change.Revenue- Lease
: $790.56 million versus the four-analyst average estimate of $742.22 million. The reported number represents a year-over-year change of +3.8%.Revenue- Parking and other (including insurance proceeds)
: $34.62 million compared to the $30.43 million average estimate based on four analysts. The reported number represents a change of +28.3% year over year.Net Earnings Per Share (Diluted)
: $0.51 versus $0.48 estimated by six analysts on average.Shares of Boston Properties have returned +17.6% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.