Equity Residential Q3 FFO $0.96 Up From $0.92 YoY, Sales $724.07M Miss $727.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equity Residential (NYSE:EQR) reported Q3 earnings of $0.96 per share, a 4.35% increase YoY. However, the company's quarterly sales of $724.07M missed the analyst consensus estimate of $727.52M by 0.47%.
October 31, 2023 | 8:18 pm
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Equity Residential's Q3 earnings beat last year's figures but sales missed estimates. This mixed result could lead to uncertainty in the market.
Equity Residential's earnings have increased compared to the same period last year, which is a positive sign. However, the company's sales missed the analyst consensus estimate, which could be seen as a negative sign. This mixed result could lead to uncertainty in the market, potentially affecting the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100