Sun Communities Q3 FFO $2.57 Down From $2.65 YoY, Sales $983.20M Beat $932.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sun Communities (NYSE:SUI) reported Q3 earnings of $2.57 per share, a decrease of 3.02% YoY. However, the company beat the analyst consensus estimate with quarterly sales of $983.20 million, a 5.43% increase YoY.
October 25, 2023 | 9:29 pm
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NEUTRAL IMPACT
Sun Communities reported a YoY decrease in Q3 earnings but beat sales estimates. This mixed result could lead to uncertain short-term price movements.
While the decrease in earnings is a negative signal, the fact that Sun Communities beat sales estimates is a positive one. These mixed signals could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100