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

Vornado Realty Trust

07/05/2024 24:23

* Vornado Realty Trust  VNO.N  reported a quarterly adjusted
loss
of 5 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 1 cents.  The mean expectation of three analysts for the
quarter was for a loss of 7 cents per share. 
    * Revenue fell 2.1% to $436.38 million from a year ago;
analysts
expected $445.53 million. 
    * Vornado Realty Trust's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $9.03 million.
    * Vornado Realty Trust shares had fallen by 8.8% this
quarter and
lost 7.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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," 7
"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 $26.00 
This summary was machine generated from LSEG data May 6 at 11:23
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
 Mar. 31 2024      0.58           0.53           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