Veris Residential Inc expected to post a loss of 13 cents a share - Earnings Preview

Veris Residential

24/07/2023 21:20

* Veris Residential Inc  VRE.N   VRE  is expected to show a
fall
in quarterly revenue when it reports  results on July 26. 
    * The Jersey City New Jersey-based  company is expected to
report 
a 17.4% decrease in revenue to $65.936 million from $79.83
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Veris Residential
Inc is
for a loss of 13 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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 $18​, above​ its last closing price of $17.06. ​​​

This summary was machine generated July 24 at 20:20 GMT.  All
figures in US dollars  unless otherwise stated