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

Veris Residential

26/10/2023 05:40

* Veris Residential Inc  VRE.N  reported a quarterly
adjusted loss
of 60 cents​​ per share for the quarter ended in September. The
mean expectation of two analysts for the quarter was for a loss
of 12 cents per share.
    * Revenue fell 21.8% to $71.48 million from a year ago;
analysts
expected $69.62 million. 
    * Veris Residential Inc's reported EPS for the quarter was a
loss
of 60 cents​.
    * The mean earnings estimate of analysts had risen by
about 7.7%
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 fallen by 6.5% this
quarter and
lost 3.2% so far this year.
    * The company reported a quarterly loss of $54.81 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 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 04:40 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.12           0.12           Met
 Jun. 30 2023      0.09           0.16           Beat
 Mar. 31 2023      0.09           0.15           Beat
 Dec. 31 2022      0.13           0.05           Missed