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

Sl Green Realty

17/07/2024 23:06

* SL Green Realty Corp  SLG.N  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-1.19.  The mean expectation of six analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -58 cents to 23 cents per share.
    * Revenue fell 19% to $150.63 million from a year ago;
analysts
expected $149.28 million. 
    * SL Green Realty Corp's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $2.16 million.
    * SL Green Realty Corp shares had risen by 11.7% this
quarter and
gained 40.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 27% 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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and 5 "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 $49.00 
This summary was machine generated from LSEG data July 17 at
10:05 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
 Jun. 30 2024      1.60           2.05           Beat
 Mar. 31 2024      2.16           3.07           Beat
 Dec. 31 2023      0.90           0.72           Missed
 Sep. 30 2023      1.26           1.27           Beat