What's In Store For Vornado (VNO) Stock In Q1 Earnings?
Zacks Investment Research | Apr 23, 2018 10:30PM ET
Vornado Realty Trust (NYSE:VNO) is scheduled to report first-quarter 2018 results on Apr 30, after the closing bell. Revenues and funds from operations (FFO) per share are expected to decline year over year.
In the prior quarter, this NY-based real estate investment trust (REIT) delivered a positive surprise of 5.4% in terms of FFO per share. The results reflected growth in occupancy and same-store net operating income (NOI) in the New York portfolio.
Over the trailing four quarters, Vornado surpassed the Zacks Consensus Estimate in three occasions and missed in one, witnessing an average negative surprise of 0.22%. This is depicted in the graph below:
Vornado Realty Trust Price and EPS Surprise
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