Analysts anticipate that SL Inexperienced Realty Corp. (NYSE:SLG) will announce $160.97 million in gross sales for the present fiscal quarter, Zacks Investment Research experiences. Two analysts have made estimates for SL Inexperienced Realty’s earnings, with estimates starting from $159.24 million to $162.70 million. SL Inexperienced Realty posted gross sales of $173.54 million throughout the identical quarter final 12 months, which might point out a damaging year-over-year development charge of seven.2%. The enterprise is anticipated to announce its subsequent quarterly earnings outcomes after the market closes on Wednesday, October 20th.
On common, analysts anticipate that SL Inexperienced Realty will report full-year gross sales of $652.09 million for the present monetary 12 months, with estimates starting from $651.69 million to $652.50 million. For the subsequent monetary 12 months, analysts anticipate that the corporate will publish gross sales of $683.25 million, with estimates starting from $663.20 million to $703.31 million. Zacks Funding Analysis’s gross sales averages are a imply common primarily based on a survey of analysts that cowl SL Inexperienced Realty.
SL Inexperienced Realty (NYSE:SLG) final introduced its quarterly earnings knowledge on Tuesday, July 20th. The true property funding belief reported $1.51 earnings per share for the quarter, lacking the Zacks’ consensus estimate of $1.62 by ($0.11). The enterprise had income of $184.61 million throughout the quarter, in comparison with analysts’ expectations of $182.52 million. SL Inexperienced Realty had a return on fairness of 5.84% and a internet margin of 32.04%. SL Inexperienced Realty’s income for the quarter was down 5.8% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the corporate posted $0.76 EPS.
Various equities analysis analysts have weighed in on the inventory. Financial institution of America upgraded shares of SL Inexperienced Realty from an “underperform” score to a “impartial” score in a report on Friday. Deutsche Financial institution Aktiengesellschaft upped their goal worth on shares of SL Inexperienced Realty from $66.00 to $77.00 and gave the inventory a “maintain” score in a analysis word on…
