Apartment Investment and Management Company Updates FY23 EPS From $(0.28)-$(0.18) To $(0.21)-$(0.11) Vs $(0.19) Est.
Portfolio Pulse from Benzinga Newsdesk
Apartment Investment and Management Company (AIV) has updated its FY23 EPS forecast from $(0.28)-$(0.18) to $(0.21)-$(0.11), compared to the $(0.19) estimate. The company's net income (loss) per share for Q3 2023 is $(0.10).
November 06, 2023 | 10:55 pm
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AIV has revised its FY23 EPS forecast upwards, which could be seen as a positive sign by investors. However, the company's Q3 2023 net income per share is still in the negative.
AIV's upward revision of its FY23 EPS forecast could be interpreted as a positive sign, indicating that the company expects to perform better than previously anticipated. However, the fact that the company's Q3 2023 net income per share is still in the negative could temper investor enthusiasm. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100