Camden (CPT) reported $390.78 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.6%. EPS of $1.73 for the same period compares to $0.27 a year ago.
The reported revenue represents a surprise of -0.24% over the Zacks Consensus Estimate of $391.7 million. With the consensus EPS estimate being $1.73, the company has not delivered EPS surprise.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
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: $347.70 million versus the six-analyst average estimate of $363 million. The reported number represents a year-over-year change of +4.7%.
- Rental revenues: $347.70 million compared to the $363 million average estimate based on six analysts. The reported number represents a change of +4.7% year over year.
- Net Earnings per Share (Diluted): $0.44 versus the five-analyst average estimate of $0.43.
- Net Earnings per Share (Diluted): $0.44 compared to the $0.43 average estimate based on five analysts.
View all Key Company Metrics for Camden here>>>
Shares of Camden have returned -3.6% over the past month versus the Zacks S&P 500 composite’s -3.4% 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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