Veris Residential Inc reports results for the quarter ended December 31 - Earnings Summary

Veris Residential

24/02/2025 23:40

* Veris Residential Inc  VRE.N  reported a quarterly
adjusted loss
of 13 cents​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of -6 cents.  The mean expectation of two analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -11 cents to -9 cents per share.
    * Revenue fell 6.6% to $68.08 million from a year ago;
analysts
expected $67.32 million. 
    * Veris Residential Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $12.45 million.
    * Veris Residential Inc shares had fallen by 5.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for Veris Residential
Inc is $18.88 
This summary was machine generated from LSEG data February 24 at
11:40 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.12           0.11           Missed
 Sep. 30 2024      0.12           0.17           Beat
 Jun. 30 2024      0.14           0.18           Beat
 Mar. 31 2024      0.11           0.14           Beat