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

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.

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.

Free – 5 Dividend Stocks to Fund Your Retirement

Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.

5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.

Download Now – Today It’s FREE >>

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 click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.