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

Veris Residential

02/11/2022 23:54

* Veris Residential Inc  VRE.N  reported a quarterly
adjusted loss
of $1.10​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was for a
loss of 23 cents per share.
    * Revenue rose 9.1% to $91.36 million from a year ago;
analysts
expected $79.79 million. 
    * Veris Residential Inc's reported EPS for the quarter was a
loss
of $1.10​.
    * The mean earnings estimate of analysts had risen by
about 13.1%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Veris Residential Inc shares had risen by 38.3% this
quarter and
lost 14.4% so far this year.
    * The company reported a quarterly loss of $101.22 million.
    * Wall Street's median 12-month price target for Veris
Residential
Inc is $15.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
2 at 11:54 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.16           0.17           Beat