CTO Realty Growth Q2 EPS $0.48 Down From $1.48 YoY, Sales $26.05M Beat $24.32M Estimate
Portfolio Pulse from sunil@benzinga.com
CTO Realty Growth reported Q2 earnings of $0.48 per share, a 67.57% decrease YoY. However, the company's quarterly sales of $26.05M beat the analyst consensus estimate of $24.32M by 7.10%, marking a 33.83% increase YoY.
July 27, 2023 | 8:36 pm
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NEUTRAL IMPACT
CTO Realty Growth's Q2 earnings fell significantly YoY, but sales exceeded estimates and showed strong growth.
While CTO's earnings have decreased significantly, the strong sales growth and beating of estimates may offset the negative impact of the earnings drop. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100