Elme Communities Q3 FFO $0.24 Up From $0.23 YoY, Sales $56.65M Miss $57.29M Estimate
Portfolio Pulse from bharat@benzinga.com
Elme Communities (NYSE:ELME) reported Q3 earnings of $0.24 per share, a 4.35% increase YoY. However, the company's quarterly sales of $56.65M missed the analyst consensus estimate of $57.29M by 1.12%. Sales increased by 3.75% compared to the same period last year.
October 26, 2023 | 8:42 pm
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NEUTRAL IMPACT
Elme Communities reported a YoY increase in Q3 earnings but missed sales estimates.
While Elme Communities reported a YoY increase in Q3 earnings, the company missed sales estimates. This mixed report may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100