Veris Residential Inc expected to post a loss of 12 cents a share - Earnings Preview

Veris Residential

24/10/2023 03:03

* Veris Residential Inc  VRE.N   VRE  is expected to show a
fall
in quarterly revenue when it reports  results on October 25. 
    * The Jersey City New Jersey-based  company is expected to
report 
a 24.2% decrease in revenue to $69.271 million from $91.36
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Veris Residential
Inc is
for a loss of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "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​, above​ its last closing price of $15.46. ​​​

This summary was machine generated October 24 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated