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Camden (CPT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Camden (CPT - Free Report) reported revenue of $387.15 million, up 0.4% over the same period last year. EPS came in at $1.71, compared to $0.84 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $384.76 million, representing a surprise of +0.62%. The company delivered an EPS surprise of +2.40%, with the consensus EPS estimate being $1.67.
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 Camden performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Rental revenues
: $344.60 million versus the seven-analyst average estimate of $379.06 million. The reported number represents a year-over-year change of +0.4%.
Non-property income- Fee and asset management
: $2.61 million versus the six-analyst average estimate of $1.31 million.
Net Earnings per Share (Diluted)
: $0.40 versus the six-analyst average estimate of $0.36.
Non-property income- Interest and other income
: $1.60 million versus the six-analyst average estimate of $0.70 million.
Non-property income- Total
: $5.28 million versus the three-analyst average estimate of $4.94 million.
Non-property income- Income on deferred compensation plans
: $1.07 million versus $4 million estimated by two analysts on average.
Shares of Camden have returned +3% over the past month versus the Zacks S&P 500 composite's +1.1% 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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Camden (CPT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Camden (CPT - Free Report) reported revenue of $387.15 million, up 0.4% over the same period last year. EPS came in at $1.71, compared to $0.84 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $384.76 million, representing a surprise of +0.62%. The company delivered an EPS surprise of +2.40%, with the consensus EPS estimate being $1.67.
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 Camden 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 Camden here>>>Rental revenues
: $344.60 million versus the seven-analyst average estimate of $379.06 million. The reported number represents a year-over-year change of +0.4%.Non-property income- Fee and asset management
: $2.61 million versus the six-analyst average estimate of $1.31 million.Net Earnings per Share (Diluted)
: $0.40 versus the six-analyst average estimate of $0.36.Non-property income- Interest and other income
: $1.60 million versus the six-analyst average estimate of $0.70 million.Non-property income- Total
: $5.28 million versus the three-analyst average estimate of $4.94 million.Non-property income- Income on deferred compensation plans
: $1.07 million versus $4 million estimated by two analysts on average.Shares of Camden have returned +3% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.