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

Paramount

02/11/2023 08:46

* Paramount Group Inc  PGRE.N  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of -1 cents.  The lone analyst forecast for the quarter was
for a loss of 4 cents per share. 
    * Revenue rose 1.1% to $189.18 million from a year ago;
analysts
expected $182.27 million. 
    * Paramount Group Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $8.39 million.
    * Paramount Group Inc shares had fallen by 7.8% this
quarter and
lost 28.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.8%
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 November 2 at
08:46 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.22           0.22           Met
 Jun. 30 2023      0.17           0.18           Beat
 Mar. 31 2023      0.23           0.26           Beat
 Dec. 31 2022      0.24           0.25           Beat