Advertisement
Singapore markets open in 1 hour 52 minutes

  • Straits Times Index

    3,303.19
    +10.26 (+0.31%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • Dow

    38,852.27
    +176.59 (+0.46%)
     

  • Nasdaq

    16,349.25
    +192.92 (+1.19%)
     

  • Bitcoin USD

    63,463.27
    -411.04 (-0.64%)
     

  • CMC Crypto 200

    1,366.79
    +54.16 (+4.13%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Gold

    2,335.10
    +3.90 (+0.17%)
     

  • Crude Oil

    78.74
    +0.26 (+0.33%)
     

  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     

  • Nikkei

    38,236.07
    -38.03 (-0.10%)
     

  • Hang Seng

    18,578.30
    +102.38 (+0.55%)
     

  • FTSE Bursa Malaysia

    1,597.39
    +7.80 (+0.49%)
     

  • Jakarta Composite Index

    7,135.89
    -7,134.72 (-50.00%)
     

  • PSE Index

    6,652.49
    +36.94 (+0.56%)
     

Here's What Key Metrics Tell Us About Cousins Properties (CUZ) Q1 Earnings

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Cousins Properties (CUZ) reported revenue of $208.82 million, up 4.4% over the same period last year. EPS came in at $0.65, compared to $0.15 in the year-ago quarter.

The reported revenue represents a surprise of +3.47% over the Zacks Consensus Estimate of $201.81 million. With the consensus EPS estimate being $0.63, the EPS surprise was +3.17%.

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.

ADVERTISEMENT

Here is how Cousins Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Rental property: $208.82 million compared to the $201.39 million average estimate based on three analysts. The reported number represents a change of +4.4% year over year.

  • Revenues- Other: $0.04 million versus the three-analyst average estimate of $0.53 million.

  • Revenues- Fee income: $0.38 million versus the three-analyst average estimate of $0.34 million.

  • Net Earnings per Share (Diluted): $0.09 versus the four-analyst average estimate of $0.11.

View all Key Company Metrics for Cousins Properties here>>>

Shares of Cousins Properties have returned -1.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Cousins Properties Incorporated (CUZ) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research