Veris Residential Inc expected to post a loss of 23 cents a share - Earnings Preview

Veris Residential

31/10/2022 23:10

* Veris Residential Inc  VRE.N   VRE  is expected to show a
fall
in quarterly revenue when it reports  results on November 2. 
    * The Jersey City New Jersey-based  company is expected to
report 
a 4.7% decrease in revenue to $79.792 million from $83.74
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 23 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 2 "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 $15​, below​ its last closing price of $15.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.12        0.13       0.15      Beat    18.5
 Mar. 31 2022  0.15        0.15       0.09      Missed  -39.1
 Dec. 31 2021  0.16        0.16       0.17      Beat    8.5​
 Sep. 30 2021  0.12        0.13       0.17      Beat    33.4
 ​​Jun.        0.12        0.12       0.15      Beat    27.4
 30 2021                                                
 Mar. 31 2021  0.14        0.14       0.18      Beat    26.3​
 Dec. 31 2020  0.24        0.24       0.16      Missed  -33.4
 Sep. 30 2020  0.29        0.29       0.30      Beat    2.4
 This summary was machine generated October 31 at 23:10 GMT.  All
figures in US dollars  unless otherwise stated