Piedmont Office Realty Trust Inc expected to post a loss of 5 cents a share - Earnings Preview

Piedmont Realty Trust

30/07/2024 03:05

* Piedmont Office Realty Trust Inc  PDM.N   PDM  is expected
to show a fall in quarterly revenue when it reports  results on
July 31 for the period ending June 30 2024
    * The Atlanta Georgia-based  company is expected to report a
1.2% decrease in revenue to $141.335 million from $143.07
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (Revenue is on Rental/ Operating
revenue basis)
    * ​LSEG's mean analyst estimate for Piedmont Office Realty
Trust
Inc is for a loss of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Piedmont
Office
Realty Trust Inc is $9.75​, above​ its last closing price
of $8.58. ​​​

This summary was machine generated July 30 at 02:04 GMT.  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)