Equity Residential Q2 FFO $0.94 Up From $0.89 YoY, Sales $717.31M Beat $716.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Residential (NYSE:EQR) reported Q2 earnings of $0.94 per share, a 5.62% increase YoY. The company's quarterly sales were $717.31 million, beating the analyst consensus estimate of $716.53 million by 0.11% and marking a 4.41% increase YoY.
July 27, 2023 | 8:38 pm
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POSITIVE IMPACT
Equity Residential's Q2 earnings and sales beat estimates, indicating a positive financial performance.
Equity Residential reported higher than expected earnings and sales for Q2. This indicates a strong financial performance and could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100