Piedmont Office Realty Trust Inc reports results for the quarter ended March 31 - Earnings Summary

• Piedmont Office Realty Trust Inc PDM.N reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -22 cents. The lone analyst forecast for the quarter was for a loss of 7 cents per share.

• Revenue fell 1.3% to $142.69 million from a year ago; analysts expected $141.29 million.

• Piedmont Office Realty Trust Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $10.1 million.

• Piedmont Office Realty Trust Inc shares had fallen by 7.7% this quarter and lost 25.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "hold"

• Wall Street's median 12-month price target for Piedmont Office Realty Trust Inc is $9.50

This summary was machine generated from LSEG data April 29 at 04:10 p.m. UTC. ​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)