Equity Commonwealth Q2 FFO $0.22 Up From $0.04 YoY, Sales $14.59M Miss $15.24M Estimate
Portfolio Pulse from saritha@benzinga.com
Equity Commonwealth (EQC) reported Q2 earnings of $0.22 per share, a 450% increase YoY. However, the company's quarterly sales of $14.59 million missed the analyst consensus estimate of $15.24 million by 4.27%, marking a 6.12% decrease YoY.
July 26, 2023 | 8:19 pm
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NEUTRAL IMPACT
Equity Commonwealth's Q2 earnings exceeded last year's figures, but sales fell short of estimates.
While EQC's earnings have significantly increased YoY, the missed sales estimate could potentially offset the positive impact of the earnings increase on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100