Paramount Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Paramount Group Inc PGRE.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 5 cents. The lone analyst forecast for the quarter was for a loss of 2 cents per share.

• Revenue fell 1% to $187.02 million from a year ago; analysts expected $180.70 million.

• The company reported a quarterly loss of $10.03 million.

• Paramount Group Inc shares had risen by 0.9% this quarter and lost 12.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.6% 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," 3 "hold" and 2 "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 Paramount Group Inc is $4.75

This summary was machine generated from LSEG data May 1 at 01:48 a.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)