Vornado Realty Trust expected to post a loss of 7 cents a share - Earnings Preview

Vornado Realty Trust

04/05/2024 03:01

* Vornado Realty Trust  VNO.N   VNO  is expected to show a
fall in
quarterly revenue when it reports  results on May 6 for the
period ending January 1 0001
    * The New York City-based  company is expected to report a
0.1% decrease in revenue to $445.534 million from $445.92
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Vornado Realty Trust is
for a
loss of 7 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 $26.00​, below​ its last closing price of $26.23. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  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. 31 2023  0.62        0.62       0.61      Missed  -1.3
 ​​Jan.        0.68        0.68       0.91      Beat    34
 1 0001                                                 
 Sep. 30 2022  0.73        0.74       0.81      Beat    10.1​
 Jun. 30 2022  0.78        0.78       0.80      Beat    2.4
 Mar. 31 2022  0.76        0.77       0.80      Beat    4.6
 This summary was machine generated May 4 at 02:01 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)