Stag Industrial Q2 EPS $0.56, Same YoY, Sales $171.44M Miss $172.97M Estimate
Portfolio Pulse from mahesh@benzinga.com
Stag Industrial (NYSE:STAG) reported Q2 earnings of $0.56 per share, unchanged YoY. The company's quarterly sales were $171.44 million, missing the analyst consensus estimate of $172.97 million by 0.89 percent. However, this is a 6.45 percent increase over sales of $161.06 million the same period last year.
July 26, 2023 | 8:18 pm
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Stag Industrial's Q2 earnings per share remained unchanged YoY, while sales increased by 6.45% YoY but missed estimates by 0.89%.
Stag Industrial's earnings per share remained stable YoY, indicating steady profitability. However, the company missed sales estimates, which could potentially concern investors. The increase in sales YoY shows growth, which could offset some of the negative sentiment from missing estimates.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100