SL Green Realty (SLG) to Report Earnings: Analysts Bullish Despite Recent Declines
SL Green Realty (NYS: SLG) is set to unveil its latest earnings report on Monday, Jan. 30. The real estate investment trust (REIT) has seen varied net margins over the past year, ranging from 4.7% to 175.8%. Despite a significant drop in income over the past five quarters, analysts remain optimistic, with 12 buy recommendations and only one sell.
Financial analysts from prominent investment banks such as JPMorgan, Bank of America, and Barclays have been conducting economic forecasts for SL Green Realty. They predict earnings per share of $1 for the upcoming quarter. Revenue is expected to rise by 23.1% to $288.2 million, a turnaround from the declining revenue in the past two quarters. However, the average year-over-year income drop over the past five quarters has been substantial, at 2315.6%.
SL Green Realty's earnings report on Jan. 30 will provide insights into the company's financial health. Despite recent challenges, analysts' bullish stance suggests potential growth opportunities. Investors will be watching closely to see if the REIT can build on its recent earnings estimates and revenue predictions.
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