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

Vornado Realty Trust

01/08/2023 24:08

* Vornado Realty Trust  VNO.N  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 5 cents per share.
    * Revenue rose 4.2% to $472.36 million from a year ago;
analysts
expected $441.76 million. 
    * Vornado Realty Trust's reported EPS for the quarter was 24
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Vornado Realty Trust shares had risen by 22.1% this
quarter and
gained 6.4% so far this year.
    * The company reported quarterly net income of $46.38
million.
    * Wall Street's median 12-month price target for Vornado
Realty
Trust is $13.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 6 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 11:08 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.63           0.74           Beat
 Mar. 31 2023      0.62           0.61           Missed
 Dec. 31 2022      0.68           0.91           Beat
 Sep. 30 2022      0.74           0.81           Beat