Elme Communities Q2 EPS $0.24 Up From $0.21 YoY, Sales $56.60M Miss $56.65M Estimate
Portfolio Pulse from mahesh@benzinga.com
Elme Communities (NYSE:ELME) reported Q2 earnings of $0.24 per share, a 14.29% increase YoY. However, the company's quarterly sales of $56.60 million missed the analyst consensus estimate of $56.65 million by 0.09%.
July 31, 2023 | 9:22 pm
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NEUTRAL IMPACT
Elme Communities reported a YoY increase in Q2 earnings but missed sales estimates. This mixed report may lead to uncertain market reactions.
Elme Communities reported a YoY increase in Q2 earnings, which is positive for the stock. However, the company missed sales estimates, which is a negative factor. These mixed results may lead to uncertain market reactions in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100