Veris Residential Inc expected to post a loss of 7 cents a share - Earnings Preview

Veris Residential

22/04/2024 22:58

* Veris Residential Inc  VRE.N   VRE  is expected to show a
rise
in quarterly revenue when it reports  results on April 24 for
the period ending March 31 2024
    * The Jersey City New Jersey-based  company is expected to
report
a 6.7% increase in revenue to $71.428 million from $66.93
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Veris Residential Inc is
for a
loss of 7 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 had risen by
about 3.1%
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 $14.87. ​​​

This summary was machine generated April 22 at 21:58 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)