Vornado Realty Trust reports results for the quarter ended in September 30 - Earnings Summary

Vornado Realty Trust

05/11/2024 07:55

* Vornado Realty Trust  VNO.N  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 7 cents.  The mean expectation of four analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -11 cents to -8 cents per share.
    * Revenue fell 1.7% to $443.26 million from a year ago;
analysts
expected $447.91 million. 
    * Vornado Realty Trust's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $19.15 million.
    * Vornado Realty Trust shares had risen by 6.4% this
quarter and
gained 48.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 5 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Vornado Realty
Trust is $36.00 
This summary was machine generated from LSEG data November 5 at
07:55 a.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
 Sep. 30 2024      0.51           0.50           Missed
 Jun. 30 2024      0.54           0.76           Beat
 Mar. 31 2024      0.58           0.53           Missed
 Dec. 31 2023      0.60           0.62           Beat