Tricon Residential Q3 2023 FFO $0.14 Down From $0.15 YoY, Sales $202.57M Beat $116.70M Estimate
Portfolio Pulse from saritha@benzinga.com
Tricon Residential reported Q3 2023 earnings of $0.14 per share, a decrease of 6.67% YoY. However, the company's quarterly sales of $202.57 million beat the analyst consensus estimate of $116.70 million by 73.58%, marking an 18.62% increase over the same period last year.
November 07, 2023 | 10:16 pm
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NEUTRAL IMPACT
Tricon Residential's Q3 2023 earnings per share decreased by 6.67% YoY, but its sales significantly beat estimates, increasing by 18.62% YoY.
While Tricon Residential's earnings per share decreased, the company's sales significantly exceeded estimates. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100