CTO Realty Growth Q3 EPS $0.48 Down From $0.49 YoY, Sales $28.47M Beat $25.50M Estimate
Portfolio Pulse from Happy Mohamed
CTO Realty Growth reported Q3 earnings of $0.48 per share, a 2.04% decrease YoY. However, the company's quarterly sales of $28.47M beat the analyst consensus estimate of $25.50M by 11.65%, marking a 23.16% increase YoY.
October 26, 2023 | 8:53 pm
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NEUTRAL IMPACT
CTO Realty Growth's Q3 earnings per share decreased by 2.04% YoY, but sales exceeded estimates by 11.65% and increased by 23.16% YoY.
While CTO Realty Growth's earnings per share decreased slightly, the company's sales significantly exceeded estimates and increased YoY. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100