Vornado Realty Trust expected to post a loss of 6 cents a share - Earnings Preview

Vornado Realty Trust

02/08/2024 22:16

* Vornado Realty Trust  VNO.N   VNO  is expected to show a
fall in
quarterly revenue when it reports  results on August 5 for the
period ending June 30 2024
    * The New York City-based  company is expected to report a
7.0% decrease in revenue to $439.277 million from $472.36
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Vornado Realty Trust is
for a
loss of 6 cents per share. 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 7 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Vornado
Realty
Trust is $24.00​, below​ its last closing price of $28.49. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.56        0.58       0.53      Missed  -8
 Dec. 31 2024  0.60        0.60       0.62      Beat    2.9
 Sep. 30 2023  0.66        0.65       0.66      Beat    1.3​
 Jan. 1 0001   0.63        0.63       0.74      Beat    17.2
 ​​Mar.        0.62        0.62       0.61      Missed  -1.3
 31 2023                                                
 Dec. 31 2022  0.68        0.68       0.91      Beat    34​
 Sep. 30 2022  0.73        0.74       0.81      Beat    10.1
 Jun. 30 2022  0.78        0.78       0.80      Beat    2.4
 This summary was machine generated August 2 at 21:16 GMT.  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)