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Veris (VRE) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Veris Residential (VRE - Free Report) reported revenue of $68.18 million, down 4.6% over the same period last year. EPS came in at $0.17, compared to -$0.61 in the year-ago quarter.
The reported revenue represents a surprise of -0.10% over the Zacks Consensus Estimate of $68.24 million. With the consensus EPS estimate being $0.12, the EPS surprise was +41.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Veris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Other income: $1.25 million compared to the $1.76 million average estimate based on two analysts. The reported number represents a change of -8.3% year over year.
Revenues- Real estate services: $0.79 million compared to the $0.87 million average estimate based on two analysts. The reported number represents a change of -35.5% year over year.
Net Earnings Per Share (Diluted): -$0.10 compared to the -$0.10 average estimate based on two analysts.
Shares of Veris have returned -5.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Veris (VRE) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Veris Residential (VRE - Free Report) reported revenue of $68.18 million, down 4.6% over the same period last year. EPS came in at $0.17, compared to -$0.61 in the year-ago quarter.
The reported revenue represents a surprise of -0.10% over the Zacks Consensus Estimate of $68.24 million. With the consensus EPS estimate being $0.12, the EPS surprise was +41.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Veris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Other income: $1.25 million compared to the $1.76 million average estimate based on two analysts. The reported number represents a change of -8.3% year over year.
- Revenues- Real estate services: $0.79 million compared to the $0.87 million average estimate based on two analysts. The reported number represents a change of -35.5% year over year.
- Net Earnings Per Share (Diluted): -$0.10 compared to the -$0.10 average estimate based on two analysts.
View all Key Company Metrics for Veris here>>>Shares of Veris have returned -5.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.