Veris Residential Inc expected to post a loss of 11 cents a share - Earnings Preview

Veris Residential

20/02/2024 03:02

* Veris Residential Inc  VRE.N   VRE  is expected to show a
fall
in quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The Jersey City New Jersey-based  company is expected to
report
a 16.5% decrease in revenue to $71.98 million from $86.2 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (Revenue Majority Basis is onTotal Revenue)
    * ​LSEG's mean analyst estimate for Veris Residential Inc is
for a
loss of 11 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "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 Veris
Residential
Inc is $17.00​, above​ its last closing price of $15.67. ​​​

This summary was machine generated February 20 at 03:02 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)