Cousins Props Q2 ffo $0.68 Down From $0.70 YoY, Sales $204.32M Beat $201.87M Estimate
Portfolio Pulse from totan@benzinga.com
Cousins Props (NYSE:CUZ) reported Q2 earnings of $0.68 per share, a decrease of 2.86% YoY. However, the company's quarterly sales of $204.32 million beat the analyst consensus estimate of $201.87 million by 1.21%, marking a 10.04% increase YoY.
July 27, 2023 | 8:27 pm
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Cousins Props reported a decrease in Q2 earnings but beat sales estimates. This mixed result could lead to uncertain short-term price movement.
While the decrease in earnings is a negative signal, the fact that sales beat estimates and increased YoY could offset this. Investors may react differently to these mixed signals, leading to uncertain short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100