Cormark Has Negative Outlook for TSE:SOT FY2024 Earnings

Slate Office REIT (TSE:SOT) – Stock analysts at Cormark reduced their FY2024 EPS estimates for Slate Office REIT in a research report issued on Wednesday, November 20th. Cormark analyst S. Srinivas now forecasts that the company will post earnings per share of $0.18 for the year, down from their previous forecast of $0.19. Cormark currently has a “Hold” rating on the stock. Cormark also issued estimates for Slate Office REIT’s Q4 2024 earnings at $0.02 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.03 EPS and Q4 2025 earnings at $0.00 EPS.

Slate Office REIT (TSE:SOT) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($2.12) EPS for the quarter, missing the consensus estimate of C$0.05 by C($2.17). The company had revenue of C$50.16 million for the quarter.

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About Slate Office REIT

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.