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Stag (STAG) Reports Q2 Earnings: What Key Metrics Have to Say
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Stag Industrial (STAG - Free Report) reported $189.78 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 10.5%. EPS of $0.61 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $187.04 million, representing a surprise of +1.47%. The company delivered an EPS surprise of +3.39%, with the consensus EPS estimate being $0.59.
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 Stag performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Rental income
: $186.47 million versus $187.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.8% change.
Revenue- Other income
: $3.31 million versus the two-analyst average estimate of $0.23 million. The reported number represents a year-over-year change of +1198%.
Net income per share- Diluted
: $0.33 compared to the $0.20 average estimate based on four analysts.
Shares of Stag have returned +13.5% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Stag (STAG) Reports Q2 Earnings: What Key Metrics Have to Say
Stag Industrial (STAG - Free Report) reported $189.78 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 10.5%. EPS of $0.61 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $187.04 million, representing a surprise of +1.47%. The company delivered an EPS surprise of +3.39%, with the consensus EPS estimate being $0.59.
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 Stag 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 Stag here>>>Revenue- Rental income
: $186.47 million versus $187.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.8% change.Revenue- Other income
: $3.31 million versus the two-analyst average estimate of $0.23 million. The reported number represents a year-over-year change of +1198%.Net income per share- Diluted
: $0.33 compared to the $0.20 average estimate based on four analysts.Shares of Stag have returned +13.5% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.