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

Piedmont Realty Trust

01/05/2024 05:39

* Piedmont Office Realty Trust Inc  PDM.N  reported a
quarterly
adjusted loss of 22 cents​​ per share for the quarter ended in
March, 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 9 cents per share. 
    * Revenue rose 1.5% to $144.54 million from a year ago;
analysts
expected $143.20 million. 
    * Piedmont Office Realty Trust Inc's reported EPS for the
quarter
was a loss of 22 cents​.
    * The company reported a quarterly loss of $27.76 million.
    * Piedmont Office Realty Trust Inc shares had fallen by 1.3%
this
quarter and lost 2.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Piedmont Office
Realty Trust Inc is $9.75 
This summary was machine generated from LSEG data May 1 at 04:38
a.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
 Mar. 31 2024      0.38           0.39           Beat
 Dec. 31 2023      0.41           0.41           Met
 Sep. 30 2023      0.43           0.43           Met
 Jun. 30 2023      0.45           0.45           Met