Veris Residential Inc reports results for the quarter ended in September 30 - Earnings Summary

Veris Residential

31/10/2024 03:07

* Veris Residential Inc  VRE.N  reported a quarterly
adjusted loss
of 10 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -60 cents.  The mean expectation of two analysts
for the quarter was for a loss of 9 cents per share. 
    * Revenue fell 4.6% to $68.18 million from a year ago;
analysts
expected $66.17 million. 
    * Veris Residential Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $9.69 million.
    * Veris Residential Inc shares had fallen by 6.3% this
quarter and
gained 6.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "hold"

Wall Street's median 12-month price target for Veris Residential
Inc is 19.00 
This summary was machine generated from LSEG data October 31 at
03:07 a.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
 Sep. 30 2024      0.12           0.17           Beat
 Jun. 30 2024      0.14           0.18           Beat
 Mar. 31 2024      0.11           0.14           Beat
 Dec. 31 2023      0.11           0.12           Beat