UDR Q3 FFO $0.63, Inline, Sales $408.36M Miss $410.04M Estimate
Portfolio Pulse from Happy Mohamed
UDR (NYSE:UDR) reported Q3 earnings of $0.63 per share, in line with analyst consensus. This is a 5% increase YoY. However, the company's quarterly sales of $408.36M missed the analyst consensus estimate of $410.04M by 0.41%, though it's a 4.70% increase YoY.
October 26, 2023 | 8:22 pm
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NEUTRAL IMPACT
UDR's Q3 earnings met expectations, but sales slightly missed analyst estimates. This mixed result may lead to a neutral short-term impact on the stock.
UDR's earnings met analyst expectations, which is a positive signal. However, the slight miss on sales could offset this positive sentiment. Therefore, a neutral short-term impact is expected.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100