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

Piedmont Realty Trust

08/02/2023 23:36

* Piedmont Office Realty Trust Inc  PDM.N  reported a
quarterly
adjusted loss of 61 cents​​ per share for the quarter ended in
December. The lone analyst forecast for the quarter was
for earnings of 3 cents per share.
    * Revenue rose 6.5% to $147.21 million from a year ago;
analysts
expected $151.62 million. 
    * Piedmont Office Realty Trust Inc's reported EPS for the
quarter
was 61 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Piedmont Office Realty Trust Inc shares had risen by 14.1%
this
quarter.
    * The company reported quarterly net income of $75.57
million.
    * Wall Street's median 12-month price target for Piedmont
Office
Realty Trust Inc is $13.50 
    * 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." 

This summary was machine generated from Refinitiv data February
8 at 11:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.49           0.50           Beat
 Sep. 30 2022      0.50           0.50           Met
 Jun. 30 2022      0.50           0.50           Met
 Mar. 31 2022      0.50           0.51           Beat