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

Vornado Realty Trust

30/10/2023 22:30

* Vornado Realty Trust  VNO.N  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 8 cents per share.
    * Revenue fell 1.4% to $451.00 million from a year ago;
analysts
expected $451.46 million. 
    * Vornado Realty Trust's reported EPS for the quarter was 28
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Vornado Realty Trust shares had fallen by 13.9% this
quarter and
lost 6.2% so far this year.
    * The company reported quarterly net income of $52.85
million.
    * Wall Street's median 12-month price target for Vornado
Realty
Trust is $23.00 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 6 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 10:29 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.65           0.66           Beat
 Jun. 30 2023      0.63           0.74           Beat
 Mar. 31 2023                     0.61           
 Dec. 31 2022      0.68           0.91           Beat