* DigitalBridge Group Inc reported quarterly adjusted earnings of 6 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of $1.39. The mean expectation of nine analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 12 cents to 19 cents per share.
* Revenue fell 84% to $76.13 million from a year ago; analysts expected $98.42 million.
* DigitalBridge Group Inc's reported EPS for the quarter was a loss of 1 cent.
* The company reported a quarterly loss of $883 thousand.
* DigitalBridge Group Inc shares had risen by 11.0% this quarter and lost 10.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the real estate rental, development & operations peer group is also "buy"
Wall Street's median 12-month price target for DigitalBridge Group Inc is $19.00 This summary was machine generated from LSEG data November 1 at 02:26 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.15 0.06 Missed
Jun. 30 2024 0.12 0.11 Missed
Mar. 31 2024 -0.07 -0.28 Missed
Dec. 31 2023 -0.15 0.61 Beat
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