Necessity Retail REIT Q2 EPS $0.21 Down From $0.29 YoY, Sales $106.70M Miss $112.90M Estimate
Portfolio Pulse from vinayak@benzinga.com
Necessity Retail REIT (NASDAQ:RTL) reported Q2 earnings of $0.21 per share, a 27.59% decrease YoY. The company's quarterly sales were $106.70 million, missing the analyst consensus estimate of $112.90 million by 5.49%, and marking an 8.75% decrease YoY.
August 04, 2023 | 12:19 pm
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NEGATIVE IMPACT
Necessity Retail REIT's Q2 earnings and sales both decreased YoY and missed analyst estimates, which could negatively impact the stock price.
Necessity Retail REIT's Q2 earnings and sales both decreased compared to the same period last year and missed analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100