Alexander & Baldwin Holdings (ALEX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - Revenue for the quarter ended June 2024 was $51.05 million, a year-over-year decline of 3.9% [1] - EPS for the quarter was $0.28, compared to $0.15 a year ago [1] - Revenue surprise of +1.99% over the Zacks Consensus Estimate of $50.05 million [1] - EPS surprise of +12.00% compared to the consensus estimate of $0.25 [1] Key Metrics - Operating Revenue- Commercial Real Estate: $49.21 million, slightly above the estimate of $49.04 million, representing a -0.6% year-over-year change [2] - Operating Revenue- Land Operations: $1.84 million, significantly higher than the estimate of $1 million [2] - Diluted earnings per share: $0.13, in line with the estimate of $0.13 [2] - Operating Profit (Loss)- Commercial Real Estate: $22.61 million, below the estimate of $27.01 million [2] Stock Performance - Shares of Alexander & Baldwin Holdings have returned +11% over the past month, outperforming the Zacks S&P 500 composite's -0.3% change [2] - The stock currently has a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [2]