Paramount Group, Inc. (NYSE:PGRE) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, PGRE is expected to report 3Q20 loss of $ 0.02 per share from revenue of $ 174.91 million.
For the full year, analysts anticipate top line of $ 699.65 million, while looking forward to loss of $ 0.04 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.00 ~ $ 1.06 per share
Click Here For More Historical Outlooks Of Paramount Group, Inc.
Previous Quarter Performance
Paramount Group, Inc. unveiled income for the second quarter of $ 0.23 per share, from the revenue of $ 171.12 million. According to street consensus, PGRE was expected to report 2Q20 income of $ 0.02 per share from revenue of $ 184.27 million. The top line results fell short of analysts by $ 13.15 million or 7.14 percent.
Stock Performance
Shares of Paramount Group, Inc. traded low $ -0.25 or -4.05 percent on Tuesday, reaching $ 5.92 with volume of 1.95 million shares. Paramount Group, Inc. has traded high as $ 6.23 and has cracked $ 5.89 on the downward trend
According to the previous trading day, closing price of $ 5.92, representing a 4.75 % increase from the 52 week low of $ 5.89 and a 58.87 % decrease over the 52 week high of $ 15.00.
The company has a market capital of $ 1.31 billion and is part of the Real Estate sector and REIT – Office industry.
Recent Analyst recommendations
- On 19th October 2020, downgraded by Evercore ISI to In-Line from Outperform rating, with $ 9.00 target price.
- On 14th October 2020, downgraded by Bank of America to Underperform from Neutral rating.
- On 23rd September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 12.00 target price.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco.
