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

Paramount

04/05/2023 06:20

* Paramount Group Inc  PGRE.N  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 2
cents per share.
    * Revenue rose 2.6% to $188.47 million from a year ago;
analysts
expected $184.25 million. 
    * Paramount Group Inc's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Paramount Group Inc shares had fallen by 3.1% this
quarter and
lost 25.6% so far this year.
    * The company reported quarterly net income of $1.73
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," 5
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 05:20 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.23           0.26           Beat
 Dec. 31 2022      0.24           0.25           Beat
 Sep. 30 2022      0.24           0.24           Met
 Jun. 30 2022      0.23           0.24           Beat