SL Green (SLG) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Viewpoint - Analysts project that SL Green (SLG) will report quarterly earnings of $1.27 per share, reflecting a year-over-year decline of 58.6%, while revenues are expected to reach$ 140.66 million, an increase of 9.7% from the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been revised downward by 0.6% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts estimate 'Revenues- Investment income' to be $8.44 million, representing a 14% increase from the previous year [5] - 'Revenues- Rental revenue including Escalation and reimbursement revenues' is projected to reach$ 157.37 million, indicating an 11.2% year-over-year change [5] - The consensus for 'Revenues- Other income' stands at $20.73 million, reflecting a significant year-over-year increase of 55% [5] Depreciation and Amortization - Analysts expect 'Depreciation and amortization' to be$ 52.26 million, compared to $48.58 million reported in the same quarter last year [6] Stock Performance - SL Green shares have returned -11.4% over the past month, underperforming compared to the Zacks S&P 500 composite's -6.1% change, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [7]