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

Veris Residential

21/02/2023 23:32

* Veris Residential Inc  VRE.N  reported quarterly adjusted
earnings of 35 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for a loss of 19 cents per share.
    * Revenue fell 2.3% to $86.20 million from a year ago;
analysts
expected $87.35 million. 
    * Veris Residential Inc's reported EPS for the quarter was
35
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Veris Residential Inc shares had risen by 4.8% this
quarter.
    * The company reported quarterly net income of $31.87
million.
    * Wall Street's median 12-month price target for Veris
Residential
Inc is $17.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
21 at 11:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.13           0.05           Missed
 Sep. 30 2022      0.12           0.15           Beat
 Jun. 30 2022      0.13           0.15           Beat
 Mar. 31 2022      0.15           0.09           Missed