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

Piedmont Realty Trust

01/05/2023 23:32

* Piedmont Office Realty Trust Inc  PDM.N  reported a
quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
March. The lone analyst forecast for the quarter was for a loss
of one cent per share.
    * Revenue rose 4.6% to $142.37 million from a year ago;
analysts
expected $143.93 million. 
    * Piedmont Office Realty Trust Inc's reported EPS for the
quarter
was a loss of 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 6.3%
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 fallen
by 10.8% this
quarter and lost 29.0% so far this year.
    * The company reported a quarterly loss of $1.37 million.
    * Wall Street's median 12-month price target for Piedmont
Office
Realty Trust Inc is $12.00 
    * 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 LSEG Refinitiv data May
1 at 10:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.45           0.46           Beat
 Dec. 31 2022      0.49           0.50           Beat
 Sep. 30 2022      0.50           0.50           Met
 Jun. 30 2022      0.50           0.50           Met