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

Veris Residential

27/07/2023 01:03

* Veris Residential Inc  VRE.N  reported a quarterly
adjusted loss
of 30 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 13 cents per
share.
    * Revenue fell 13.9% to $68.73 million from a year ago;
analysts
expected $67.66 million. 
    * Veris Residential Inc's reported EPS for the quarter was a
loss
of 30 cents​.
    * The mean earnings estimate of analysts had risen by
about 18.1%
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 2.0% this
quarter and
gained 2.8% so far this year.
    * The company reported a quarterly loss of $27.43 million.
    * Wall Street's median 12-month price target for Veris
Residential
Inc is $18.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 12:02 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.09           0.16           Beat
 Mar. 31 2023      0.09           0.15           Beat
 Dec. 31 2022      0.13           0.05           Missed
 Sep. 30 2022      0.12           0.15           Beat