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Vornado Realty (NYSE: VNO) releases its next round of earnings this Monday, October 31, 2011. Get prepared with Benzinga's ultimate preview for Vornado Realty's third quarter earnings.
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Earnings and Revenue:
Analysts are predicting an EPS reading of $1.12/share and revenues of $686.6 million. Vornado Realty's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.31/share on revenues of $707 million. Investors are bracing themselves for Monday when we'll learn if the company reports lower EPS and slightly reduced revenue from the year-ago quarter, as analysts are predicting.Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $1.18 | $1.97 | $1.09 | $1.20 |
| EPS Actual | $1.23 | $1.77 | $1.17 | $1.31 |
Stock Performance:
At last check, shares of Vornado Realty were trading at $82.67. Shares are up 1.6% year to date. For a full 12 months, the return has risen by 2%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.- Long-term shareholders are already enjoying 12-month gains prior to the announcement
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Average Stock Rating:
The average rating by analysts is a Hold. Over the past three months this rating's strength has declined slightly.Competitors:
Want to check out the performance of Vornado Realty closest competitors? Take a look at some of the company's peers in the financials sector.- Alexander's (NYSE: ALX): Hold with a $5.60 recent quarter EPS
- Colonial Properties (NYSE: CLP): Hold with a $0.32 recent quarter EPS
- Cousins Properties (NYSE: CUZ): Moderate Buy with a $0.11 recent quarter EPS
- Franklin Street Properties (FSP): Moderate Sell with a $0.25 recent quarter EPS
Vornado Realty is in the REIT-equity trust/other industry, which has experienced price/earnings growth of 2.3%.
Finally, a description of the company's main areas of operation: Vornado Realty Trust is a real estate investment trust that conducts its business through Vornado Realty L.P.
Take Action:
Now that you've gotten an advanced peak at Vornado Realty's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.