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 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.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Unlocking Q3 Potential of SL Green (SLG): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect SL Green (SLG - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 16.8%. Revenues are expected to be $149.62 million, up 7.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 15.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some SL Green metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenues- Investment income' of $7.32 million. The estimate points to a change of +36.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Rental revenue including Escalation and reimbursement revenues' should arrive at $167.09 million. The estimate suggests a change of +6.5% year over year.
The consensus estimate for 'Revenues- Other income' stands at $25.20 million. The estimate points to a change of -3.8% from the year-ago quarter.
Analysts forecast 'Revenues- SUMMIT Operator revenue' to reach $37.03 million. The estimate suggests a change of +1.6% year over year.
Analysts expect 'Depreciation and amortization' to come in at $61.94 million.
SL Green shares have witnessed a change of -10.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.5% move. With a Zacks Rank #2 (Buy), SLG is expected outperform the overall market performance in the near term. 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
Unlocking Q3 Potential of SL Green (SLG): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect SL Green (SLG - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 16.8%. Revenues are expected to be $149.62 million, up 7.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 15.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some SL Green metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenues- Investment income' of $7.32 million. The estimate points to a change of +36.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Rental revenue including Escalation and reimbursement revenues' should arrive at $167.09 million. The estimate suggests a change of +6.5% year over year.
The consensus estimate for 'Revenues- Other income' stands at $25.20 million. The estimate points to a change of -3.8% from the year-ago quarter.
Analysts forecast 'Revenues- SUMMIT Operator revenue' to reach $37.03 million. The estimate suggests a change of +1.6% year over year.
Analysts expect 'Depreciation and amortization' to come in at $61.94 million.
View all Key Company Metrics for SL Green here>>>SL Green shares have witnessed a change of -10.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.5% move. With a Zacks Rank #2 (Buy), SLG is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .