Seeking Clues to Piedmont Office (PDM) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - Analysts forecast a decline in quarterly earnings and revenues for Piedmont Office, indicating potential challenges ahead for the company [1][2]. Earnings Projections - Piedmont Office is expected to report earnings of $0.37 per share, reflecting a year-over-year decline of 9.8% [1]. - Revenue is anticipated to be $142.16 million, showing a decrease of 2.2% compared to the same quarter last year [1]. Analyst Revisions - Over the past 30 days, the consensus EPS estimate has been revised downward by 2.8%, indicating a shift in analysts' expectations [2]. - Changes in earnings projections are crucial for predicting investor reactions and stock price movements [3]. Revenue Breakdown - 'Rental and Tenant Reimbursement Revenue - Fixed payments' is projected to be $112.16 million, down 1.9% from the prior year [5]. - 'Rental and Tenant Reimbursement Revenue - Variable payments' is expected to reach $23.86 million, reflecting a decline of 4.9% year-over-year [5]. - 'Revenues - Other property related income' is estimated at $5.46 million, indicating a slight decrease of 0.6% [6]. - The average prediction for 'Revenues - Rental and tenant reimbursement revenue' stands at $136.01 million, down 2.5% from the previous year [6]. Depreciation and Amortization - Analysts expect 'Amortization' to be $17.07 million, a decrease from $24.23 million in the prior year [6]. - The consensus for 'Depreciation' is $36.70 million, compared to $38.04 million from the previous year [7]. Stock Performance - Over the past month, Piedmont Office shares have declined by 2.7%, contrasting with a 4.2% increase in the Zacks S&P 500 composite [7]. - The current Zacks Rank for Piedmont Office is 4 (Sell), suggesting potential underperformance in the near future [7].