DigitalBridge (DBRG) Q3 Earnings and Revenues Miss Estimates

Core Viewpoint - DigitalBridge (DBRG) reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.15 per share, and down from $0.20 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -60%, and the company has not surpassed consensus EPS estimates over the last four quarters [2] - DigitalBridge posted revenues of $76.13 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 23.64%, compared to revenues of $477.08 million a year ago [3] - The company has exceeded consensus revenue estimates twice in the last four quarters [3] Stock Performance - DigitalBridge shares have declined approximately 10.6% since the beginning of the year, while the S&P 500 has gained 19.6% [4] - The current Zacks Rank for DigitalBridge is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $110.03 million, and for the current fiscal year, it is $0.50 on revenues of $593.9 million [8] - The outlook for the REIT and Equity Trust industry is positive, currently ranking in the top 40% of over 250 Zacks industries, suggesting potential for outperformance [9]