Veris Residential Inc expected to post a loss of 6 cents a share - Earnings Preview

Veris Residential

22/07/2024 23:42

* Veris Residential Inc  VRE.N   VRE  is expected to show a
fall
in quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Jersey City New Jersey-based  company is expected to
report
a 2.5% decrease in revenue to $66.992 million from $68.73
million a year ago, according to the mean estimate from 4
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 6 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 $16.00​, above​ its last closing price of $15.87. ​​​

This summary was machine generated July 22 at 22:42 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)