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Hudson Pacific (HPP) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKSยท 2025-08-06 01:01
Core Insights - Hudson Pacific Properties (HPP) reported a revenue of $190 million for Q2 2025, reflecting a year-over-year decline of 12.8% and an EPS of $0.04, compared to -$0.33 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $196.56 million by 3.33%, while the EPS exceeded the consensus estimate of $0.03 by 33.33% [1] Financial Performance Metrics - Office Rental revenues were $150.53 million, below the estimated $153.89 million, marking a 12.8% decline year-over-year [4] - Office Service and other revenues were reported at $5.3 million, slightly below the $5.41 million estimate, showing a significant year-over-year increase of 53.9% [4] - Total Studio revenues were $34.17 million, under the estimated $38.87 million, representing an 18.6% decline year-over-year [4] - Studio Service and other revenues were $20.28 million, compared to the $25.67 million estimate, indicating a year-over-year decrease of 26.3% [4] - Total Office revenues were $155.83 million, below the estimated $159.3 million, reflecting an 11.5% decline year-over-year [4] - Studio Rental revenues were $13.89 million, slightly above the estimated $13.2 million, showing a year-over-year decline of 3.8% [4] - The diluted net earnings per share were reported at -$0.41, compared to the average estimate of -$0.24 from three analysts [4] Stock Performance - Shares of Hudson Pacific have decreased by 10.7% over the past month, contrasting with a 1% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]