We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SL Green (SLG) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
In its upcoming report, SL Green (SLG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.53 per share, reflecting an increase of 112.5% compared to the same period last year. Revenues are forecasted to be $140.04 million, representing a year-over-year increase of 6.1%.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific SL Green metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Rental revenue including Escalation and reimbursement revenues' will reach $157.84 million. The estimate indicates a change of +4.3% from the prior-year quarter.
Analysts forecast 'Revenues- Investment income' to reach $8.10 million. The estimate indicates a change of +18.1% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Other income' should come in at $20.50 million. The estimate indicates a change of +12.2% from the prior-year quarter.
The consensus estimate for 'Depreciation and amortization' stands at $50.65 million. Compared to the present estimate, the company reported $49.05 million in the same quarter last year.
Shares of SL Green have experienced a change of -5.2% in the past month compared to the -3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), SLG is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SL Green (SLG) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, SL Green (SLG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.53 per share, reflecting an increase of 112.5% compared to the same period last year. Revenues are forecasted to be $140.04 million, representing a year-over-year increase of 6.1%.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific SL Green metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Revenues- Rental revenue including Escalation and reimbursement revenues' will reach $157.84 million. The estimate indicates a change of +4.3% from the prior-year quarter.
Analysts forecast 'Revenues- Investment income' to reach $8.10 million. The estimate indicates a change of +18.1% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Other income' should come in at $20.50 million. The estimate indicates a change of +12.2% from the prior-year quarter.
The consensus estimate for 'Depreciation and amortization' stands at $50.65 million. Compared to the present estimate, the company reported $49.05 million in the same quarter last year.
View all Key Company Metrics for SL Green here>>>
Shares of SL Green have experienced a change of -5.2% in the past month compared to the -3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), SLG is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>