Piedmont Office Realty Trust Inc expected to post a loss of 5 cents a share - Earnings Preview

Reuters

Oct 23, 2024

* Piedmont Office Realty Trust Inc is expected to show a fall in quarterly revenue when it reports results on October 24 for the period ending September 30 2024

* The Atlanta Georgia-based company is expected to report a 2.2% decrease in revenue to $143.755 million from $146.99 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data. (Revenue is on Rental/ Operating revenue basis)

* LSEG's mean analyst estimate for Piedmont Office Realty Trust Inc is for a loss of 5 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Piedmont Office Realty Trust Inc is $10.50, below its last closing price of $10.72.

This summary was machine generated October 23 at 03:54 GMT. 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)

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(Revenue is on Rental/ Operating revenue basis)   * LSEG's mean analyst estimate for Piedmont Office Realty Trust Inc is for a loss of 5 cents per share.    * The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 2 \"strong buy\" or \"buy,\" 1 \"hold\" and no \"sell\" or \"strong sell.\"     * The mean earnings estimate of analysts was unchanged in the last three months.    * Wall Street's median 12-month price target for Piedmont Office Realty Trust Inc is $10.50, below its last closing price of $10.72. This summary was machine generated October 23 at 03:54 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. 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