Paramount Group Inc reports results for the quarter ended in June - Earnings Summary

Paramount

31/07/2023 23:43

* Paramount Group Inc  PGRE.N  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 7 cents per
share.
    * Revenue fell 6.9% to $172.66 million from a year ago;
analysts
expected $179.58 million. 
    * Paramount Group Inc's reported EPS for the quarter was a
loss
of 22 cents​.
    * The mean earnings estimate of analysts had fallen by
about 25.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Paramount Group Inc shares had risen by 17.6% this
quarter and
lost 12.3% so far this year.
    * The company reported a quarterly loss of $47.54 million.
    * Wall Street's median 12-month price target for Paramount
Group
Inc is $5.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 10:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.17           0.18           Beat
 Mar. 31 2023      0.23           0.26           Beat
 Dec. 31 2022      0.24           0.25           Beat
 Sep. 30 2022      0.24           0.24           Met