DigitalBridge Group (NYSE:DBRG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$390.3m (down 4.8% from 2Q 2023).

• Net income: US$92.1m (up from US$14.1m loss in 2Q 2023).

• Profit margin: 24% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses.

• EPS: US$0.55 (up from US$0.088 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DigitalBridge Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in the US are expected to grow by 11%.

Performance of the American Real Estate industry.

The company's shares are down 5.9% from a week ago.

Valuation

It's possible that DigitalBridge Group could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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