SL Green Realty Corp reports results for the quarter ended in December - Earnings Summary

Sl Green Realty

24/01/2024 22:43

* SL Green Realty Corp  SLG.N  reported a quarterly adjusted
loss
of $2.45​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $-1.01.  The mean expectation of four analysts for the
quarter was for a loss of 88 cents per share. Wall Street
expected results to range from -94 cents to -79 cents per share.
    * Revenue rose 589.9% to $1.55 billion from a year ago;
analysts
expected $161.36 million. 
    * SL Green Realty Corp's reported EPS for the quarter was a
loss
of $2.45​.
    * The company reported a quarterly loss of $155.62 million.
    * SL Green Realty Corp shares had risen by 1.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for SL Green Realty
Corp is $40.50 
This summary was machine generated from LSEG data January 24 at
10:42 p.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
 Dec. 31 2023      0.90           0.72           Missed
 Sep. 30 2023      1.26           1.27           Beat
 Jun. 30 2023      1.34           1.43           Beat
 Mar. 31 2023      1.41           1.53           Beat