Hudson Pacific Properties Inc reports results for the quarter ended March 31 - Earnings Summary

• Hudson Pacific Properties Inc HPP.N reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -37 cents. The mean expectation of three analysts for the quarter was for a loss of 41 cents per share. Wall Street expected results to range from -42 cents to -40 cents per share.

• Revenue fell 7.3% to $198.46 million from a year ago; analysts expected $202.62 million.

• Hudson Pacific Properties Inc's reported EPS for the quarter was a loss of 53 cents​.

• The company reported a quarterly loss of $74.71 million.

• Hudson Pacific Properties Inc shares had fallen by 24.4% this quarter and lost 26.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "hold"

• Wall Street's median 12-month price target for Hudson Pacific Properties Inc is $3.00

This summary was machine generated from LSEG data May 8 at 02:12 a.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)