Tricon Residential Q3 2023 Core FFO $0.14, Inline, Sales $202.57M Beat $116.70M Estimate
Portfolio Pulse from totan@benzinga.com
Tricon Residential (NYSE:TCN) reported Q3 2023 earnings of $0.14 per share, meeting analyst consensus. This is a 6.67% decrease from the same period last year. The company's quarterly sales were $202.57 million, beating the analyst consensus of $116.70 million by 73.58%. This is an 18.62% increase from the same period last year.
November 07, 2023 | 10:16 pm
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Tricon Residential's Q3 2023 earnings met expectations but decreased 6.67% YoY. Sales significantly beat estimates, increasing 18.62% YoY.
Tricon Residential's earnings met analyst expectations, which is generally positive. However, the YoY decrease in earnings could be a concern for investors. The significant beat on sales estimates and the YoY increase in sales is a positive sign, potentially offsetting concerns about the decrease in earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100