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Piedmont Office (PDM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Piedmont Office (PDM - Free Report) reported revenue of $143.26 million, up 0.1% over the same period last year. EPS came in at $0.37, compared to -$0.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $141.25 million, representing a surprise of +1.42%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.37.
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.
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 Piedmont Office performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Rental and Tenant Reimbursement Revenue- Fixed payments
: $111.58 million versus $110.75 million estimated by two analysts on average.
Rental and Tenant Reimbursement Revenue- Variable payments
: $25.09 million versus $25.12 million estimated by two analysts on average.
Revenues- Other property related income
: $6.11 million versus the two-analyst average estimate of $5.32 million. The reported number represents a year-over-year change of +19.1%.
Revenues- Property management fee revenue
: $0.48 million compared to the $0.16 million average estimate based on two analysts. The reported number represents a change of +10.3% year over year.
Revenues- Rental and tenant reimbursement revenue
: $136.67 million versus the two-analyst average estimate of $135.86 million. The reported number represents a year-over-year change of -0.6%.
Net income per share applicable to common stockholders-diluted
: -$0.08 compared to the -$0.08 average estimate based on two analysts.
Shares of Piedmont Office have returned +20.8% over the past month versus the Zacks S&P 500 composite's -0.4% 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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Piedmont Office (PDM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Piedmont Office (PDM - Free Report) reported revenue of $143.26 million, up 0.1% over the same period last year. EPS came in at $0.37, compared to -$0.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $141.25 million, representing a surprise of +1.42%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.37.
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.
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 Piedmont Office 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 Piedmont Office here>>>Rental and Tenant Reimbursement Revenue- Fixed payments
: $111.58 million versus $110.75 million estimated by two analysts on average.Rental and Tenant Reimbursement Revenue- Variable payments
: $25.09 million versus $25.12 million estimated by two analysts on average.Revenues- Other property related income
: $6.11 million versus the two-analyst average estimate of $5.32 million. The reported number represents a year-over-year change of +19.1%.Revenues- Property management fee revenue
: $0.48 million compared to the $0.16 million average estimate based on two analysts. The reported number represents a change of +10.3% year over year.Revenues- Rental and tenant reimbursement revenue
: $136.67 million versus the two-analyst average estimate of $135.86 million. The reported number represents a year-over-year change of -0.6%.Net income per share applicable to common stockholders-diluted
: -$0.08 compared to the -$0.08 average estimate based on two analysts.Shares of Piedmont Office have returned +20.8% over the past month versus the Zacks S&P 500 composite's -0.4% 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.