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

Paramount

01/08/2024 17:34

* Paramount Group Inc  PGRE.N  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of -2
cents.  The lone analyst forecast for the quarter was for a loss
of 3 cents per share. 
    * Revenue rose 8.5% to $187.41 million from a year ago;
analysts
expected $183.65 million. 
    * Paramount Group Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $7.82 million.
    * Paramount Group Inc shares had risen by 13.2% this
quarter and
gained 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Paramount Group
Inc is $4.50 
This summary was machine generated from LSEG data August 1 at
04:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.20           0.20           Met
 Mar. 31 2024      0.20           0.22           Beat
 Dec. 31 2023      0.20           0.21           Beat
 Sep. 30 2023      0.22           0.22           Met