SL Green Realty Corp expected to post a loss of 13 cents a share - Earnings Preview

Sl Green Realty

15/07/2024 21:18

* SL Green Realty Corp  SLG.N   SLG  is expected to show a
fall in
quarterly revenue when it reports  results on July 17 for the
period ending June 30 2024
    * The New York City-based  company is expected to report a
19.7% decrease in revenue to $149.285 million from $185.95
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data. (SAL represents Rental Income
basis)
    * ​LSEG's mean analyst estimate for SL Green Realty Corp is
for a
loss of 13 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and 5 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for SL Green
Realty
Corp is $49.00​, below​ its last closing price of $61.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.16        2.16       3.07      Beat    42
 Jan. 1 2024   0.89        0.90       0.72      Missed  -20.3
 Sep. 30 2023  1.26        1.26       1.27      Beat    0.7​
 Jun. 30 2023  1.34        1.34       1.43      Beat    6.8
 ​​Mar.        1.42        1.41       1.53      Beat    8.7
 31 2023                                                
 Dec. 31 2022  1.48        1.48       1.47      Missed  -0.6​
 Sep. 30 2022  1.66        1.66       1.66      Met     -0.1
 Jan. 1 0001   1.72        1.72       1.87      Beat    8.8
 This summary was machine generated July 15 at 20:18 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)