For the quarter ended June 2024, Hudson Pacific Properties (HPP Quick QuoteHPP - Free Report) reported revenue of $218 million, down 11.1% over the same period last year. EPS came in at $0.17, compared to -$0.26 in the year-ago quarter.

The reported revenue represents a surprise of +1.19% over the Zacks Consensus Estimate of $215.43 million. With the consensus EPS estimate being $0.17, the company has not delivered EPS surprise.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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

• Revenues- Office - Rental

  : $172.60 million compared to the $170.01 million average estimate based on three analysts. The reported number represents a change of -15.2% year over year.

• Revenues- Studio - Rental

  : $14.44 million compared to the $14.34 million average estimate based on three analysts. The reported number represents a change of -11.8% year over year.

• Revenues- Studio - Service revenues and other

  : $27.52 million compared to the $26.77 million average estimate based on three analysts. The reported number represents a change of +28% year over year.

• Revenues- Studio - Total

  : $41.96 million compared to the $41.11 million average estimate based on three analysts. The reported number represents a change of +10.8% year over year.

• Revenues- Office - Total

  : $176.04 million versus the two-analyst average estimate of $174.22 million. The reported number represents a year-over-year change of -15.1%.

• Revenues- Office - Service revenues and other

  : $3.44 million versus $3.61 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.5% change.

• Net Earnings Per Share (Diluted)

  : -$0.33 versus the four-analyst average estimate of -$0.37.

View all Key Company Metrics for Hudson Pacific here>>>

Shares of Hudson Pacific have returned +6.2% over the past month versus the Zacks S&P 500 composite's -5.9% 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.