Tricon Residential Q2 FFO $0.14 Down From $0.16 YoY, Sales $197.50M Beat $123.50M Estimate
Portfolio Pulse from saritha@benzinga.com
Tricon Residential (NYSE:TCN) reported Q2 earnings of $0.14 per share, a 12.5% decrease YoY. However, the company's quarterly sales of $197.50 million beat the analyst consensus estimate of $123.50 million by 59.92%, marking a 27.31% increase YoY.
August 08, 2023 | 9:07 pm
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Tricon Residential's Q2 earnings fell 12.5% YoY, but sales exceeded estimates by nearly 60%, up 27.31% YoY.
While Tricon Residential's earnings have decreased YoY, the significant beat on sales estimates and the YoY sales growth could potentially offset the negative impact of the earnings decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100