SL Green Realty Corp expected to post a loss of 88 cents a share - Earnings Preview

Sl Green Realty

22/01/2024 21:03

* SL Green Realty Corp  SLG.N   SLG  is expected to show a
fall in
quarterly revenue when it reports  results on January 24 for the
period ending December 31 2023
    * The New York City-based  company is expected to report a
28.2% decrease in revenue to $161.357 million from $224.87
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (SAL represents Rental Revenue/
Property Revenue basis)
    * ​LSEG's mean analyst estimate for SL Green Realty Corp is
for a
loss of 88 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and 6 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for SL Green
Realty
Corp is $40.50​, below​ its last closing price of $45.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  1.42        1.41       1.53      Beat    8.7​
 Dec. 31 2022  1.48        1.48       1.47      Missed  -0.6
 ​​Sep.        1.66        1.66       1.66      Met     -0.1
 30 2022                                                
 Jun. 30 2022  1.72        1.72       1.87      Beat    8.8​
 Mar. 31 2022  1.65        1.64       1.65      Beat    0.4
 Dec. 31 2021  1.55        1.55       1.58      Beat    1.6
 This summary was machine generated January 22 at 21:02 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)