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

Vornado Realty Trust

01/05/2023 23:36

* Vornado Realty Trust  VNO.N  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was for a
loss of 6 cents per share.
    * Revenue rose 0.9% to $445.92 million from a year ago;
analysts
expected $451.57 million. 
    * Vornado Realty Trust's reported EPS for the quarter was 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Vornado Realty Trust shares had fallen by 2.3% this
quarter and
lost 27.9% so far this year.
    * The company reported quarterly net income of $5.17
million.
    * Wall Street's median 12-month price target for Vornado
Realty
Trust is $18.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 6 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
1 at 10:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.62           0.61           Missed
 Dec. 31 2022      0.68           0.91           Beat
 Sep. 30 2022      0.74           0.81           Beat
 Jun. 30 2022      0.78           0.80           Beat