Yahoo Finance DigitalBridge Group First Quarter 2024 Earnings: Misses Expectations
DigitalBridge Group (NYSE:DBRG) First Quarter 2024 Results
Key Financial Results
Revenue: US$74.4m (down 69% from 1Q 2023).
Net loss: US$30.2m (loss narrowed by 85% from 1Q 2023).
US$0.18 loss per share (improved from US$1.25 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DigitalBridge Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 33%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's shares are down 18% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for DigitalBridge Group you should be aware of, and 1 of them shouldn't be ignored.
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