Clipper Realty Q3 2023 FFO $0.15 Up From $0.12 YoY, Sales $35.13M Miss $36.72M Estimate
Portfolio Pulse from saritha@benzinga.com
Clipper Realty (NYSE:CLPR) reported Q3 2023 earnings of $0.15 per share, a 25% increase YoY. However, the company's quarterly sales of $35.13M missed the analyst consensus estimate of $36.72M by 4.34%, despite a 7.10% increase over the same period last year.
November 02, 2023 | 8:11 pm
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NEUTRAL IMPACT
Clipper Realty's Q3 2023 earnings beat last year's figures but sales missed analyst estimates. This mixed result may lead to uncertain short-term price movements.
Clipper Realty reported a YoY increase in earnings, which is a positive signal for investors. However, the company missed sales estimates, which could negatively impact investor sentiment. These mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100