Vornado Realty Trust reports results for the quarter ended in December - Earnings Summary

Vornado Realty Trust

12/02/2024 22:37

* Vornado Realty Trust  VNO.N  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
three analysts for the quarter was for breakeven results per
share. 
    * Revenue fell 1.1% to $441.89 million from a year ago;
analysts
expected $455.00 million. 
    * Vornado Realty Trust's reported EPS for the quarter was a
loss
of 32 cents​.
    * The company reported a quarterly loss of $61.01 million.
    * Vornado Realty Trust shares had fallen by 6.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
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 "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 7 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "sell"

Wall Street's median 12-month price target for Vornado Realty
Trust is $25.00 
This summary was machine generated from LSEG data February 12 at
10:37 p.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
 Dec. 31 2023      0.60           0.62           Beat
 Sep. 30 2023      0.65           0.66           Beat
 Jun. 30 2023      0.63           0.74           Beat
 Mar. 31 2023      0.62           0.61           Missed