* $Vornado Realty Trust(VNO-N)$ 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
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