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

Sl Green Realty

17/04/2024 22:02

* SL Green Realty Corp  SLG.N  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -63 cents.  The mean expectation of
five analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from -72 cents
to 85 cents per share.
    * Revenue fell 20.2% to $187.88 million from a year ago;
analysts
expected $152.67 million. 
    * SL Green Realty Corp's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $13.14
million.
    * SL Green Realty Corp shares had fallen by 12.4% this
quarter and
gained 7.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 72.3%
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 2 "strong buy" or "buy," 10
"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 $46.50 
This summary was machine generated from LSEG data April 17 at
09:01 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
 Mar. 31 2024      2.16           3.07           Beat
 Dec. 31 2023      0.90           0.72           Missed
 Sep. 30 2023      1.26           1.27           Beat
 Jun. 30 2023      1.34           1.43           Beat