Compared to Estimates, Cousins Properties (CUZ) Q2 Earnings: A Look at Key Metrics

Core Insights - Cousins Properties reported a revenue of $211.47 million for the quarter ended June 2024, which is a year-over-year increase of 3.7% [4] - The earnings per share (EPS) for the same period was $0.68, significantly higher than $0.15 a year ago, indicating strong growth [4] - The reported revenue exceeded the Zacks Consensus Estimate of $208.45 million by 1.45%, and the EPS surprise was 3.03% over the consensus estimate of $0.66 [1] Revenue Breakdown - Rental property revenues were $211.47 million, surpassing the average estimate of $208.45 million from three analysts, reflecting a year-over-year change of 3.7% [5] - Other revenues amounted to $1.10 million, which is a remarkable increase of 7742.9% year-over-year compared to the $0.33 million average estimate [5] - Fee income reached $0.41 million, slightly above the estimated $0.37 million, representing a 15.3% increase from the previous year [5] Stock Performance - Shares of Cousins Properties have returned +11.2% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]