Piedmont Office Realty Trust Inc reports results for the quarter ended December 31 - Earnings Summary

Piedmont Realty Trust

14/02/2025 20:11

* Piedmont Office Realty Trust Inc  PDM.N  reported a
quarterly
adjusted loss of 20 cents​​ per share for the quarter ended
December 31, higher than the same quarter last year, when the
company reported EPS of -23 cents.  The lone analyst forecast
for the quarter was for a loss of 3 cents per share. 
    * Revenue fell 1.4% to $143.23 million from a year ago;
analysts
expected $141.96 million. 
    * Piedmont Office Realty Trust Inc's reported EPS for the
quarter
was a loss of 24 cents​.
    * The company reported a quarterly loss of $29.98 million.
    * Piedmont Office Realty Trust Inc shares had fallen
by 13.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "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 Piedmont Office
Realty Trust Inc is $10.50 
This summary was machine generated from LSEG data February 14 at
08:10 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
 Dec. 31 2024      0.37           0.37           Met
 Sep. 30 2024      0.37           0.36           Missed
 Jun. 30 2024      0.37           0.37           Met
 Mar. 31 2024      0.38           0.39           Beat